Beruflich Dokumente
Kultur Dokumente
Question 1 of 100
0 correct
1 incorrect
RATIONALE
A, Topic 7.
I.
II.
III.
IV.
I and II only
II and III only
I, II, and IV only
I, III, and IV only
QUESTION 2
ITEM: 1-3-A6-59
RATIONALE
The only way to have measured reliability (stated in terms of confidence intervals) is to
use a statistical sample.
In practice, providing assurance on risk management processes differs from risk-based internal auditing with the following
exception.
Adding value
RATIONALE
Assurance on risk management processes and risk-based internal auditing both strive to add value. While risk will always remain a
key driver for internal audit, proving assurance around risk management processes looks for new ways to add value such as the
areas noted here. Risk-based auditing encompasses the other three options while providing assurance on risk management
processes does not.
Management has implemented internal control activities and determined the organization is operating within the risk
appetite established by executive management and the board. The portion of risk that remains is
inherent risk.
controllable risk.
residual risk.
pervasive risk.
RATIONALE
Residual risk is the portion of inherent risk that remains after mitigating controllable risk. Pervasive risk is the type of risk found
throughout the environment. Inherent risk (also called absolute risk) is the risk derived from the environment without the mitigating
effects of internal controls.
The chief audit executive (CAE) is considering different methods of providing training in personal communication skills for the entire
internal audit staff. Which of the following methodologies would be the most effective means of delivering such training?
RATIONALE
The most effective training methodology would be the coaching sessions, which offer the greatest opportunity to develop
communication skills through structured practice. (The CAE would also have to factor cost and efficiency into the decision as well as
the effectiveness of the methodology.)