Multiple Choice
Which of the following should an internal auditor possess in order to fulfill the responsibilities of the internal audit activity?
A) Proficiency in applying management principles in order to stand in for the chief financial officer.
B) An understanding of management principles in order to evaluate deviations from good practices.
C) An appreciation of internal audit standards in order to recognize problems.
D) Proficiency in accounting principles in order to conduct fraud investigations.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: During an internal audit, an organization's processing
Q58: During an interview with a data-entry clerk
Q59: When planning an audit engagement, what should
Q60: A charitable organization provides substantial grants for
Q61: A chief audit executive used risk assessment
Q63: The internal audit supervisor is reviewing the
Q64: Risk assessments can vary in format, but
Q65: Which of the following is not an
Q66: During the planning phase of an audit
Q67: An internal auditor is reviewing the accounts