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Which of the following situations is most likely to heighten an internal auditors professional skepticism regarding potential fraud?

• A. The accounts payable supervisor has requested advances against her monthly salary on several occasions
• B. A procurement manager does not have the expected academic credentials for his position
• C. A financial accountant is absent from work frequently due to regular medical procedures
• D. A salesperson frequently complains about the organization's policy on sales commissions.

Which of the following statements is most accurate with respect to the required elements of the quality assurance and improvement program?

• A. Internal auditors completing internal assessments must demonstrate certification to perform quality assessments
• B. Quality assessments focus on the internal audit activity's structure, relationships with stakeholders, compliance with the Standards, and internal audit staff proficiency.
• C. Internal assessments provide sufficient objectivity to provide evidence to the board that the internal audit activity understands the organization's control processes.
• D. in order to comply with the Standards, the internal audit activity must obtain an objective assessment of its processes and function at least once a year

A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan. Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity's collective knowledge, skills, and other competencies?

• A. Conduct an objective written test of the internal audit staff to assess their knowledge and skills related to core internal audit competencies.
• B. Review or establish a documented skills assessment of the internal audit staff and gather information from post-audit surveys.
• C. Obtain from the human resources department the job descriptions and position requirements for all internal audit staff.
• D. Request the internal audit staff to submit a document that summarizes their most recent performance appraisals and post audit reviews.

A bakery chain has a statistical model that can be used to predict daily sales at individual stores based on a direct relationship to the cost of ingredients used and an inverse relationship to rainy days What conditions would an auditor look for as an Indicator of employee theft of food from a specific store?

• A. On a sunny day. total sales are less than expected when compared to the cost of ingredients used.
• B. Both total sales and cost of ingredients used are less than expected.
• C. On a rainy day. total sales are greater than expected when compared to the cost of ingredients used.
• D. Both total sales and cost of ingredients used are greater than expected.

Which of the following would be considered a violation of The IIA's mandatory guidance on independence?

• A. The CAE confirms to the board, at least once every five years, the organizational independence of the internal audit act/vity.
• B. The chief audit executive (CAE) reports functionally to the board and administratively to the chief financial officer
• C. The CAE updates the internal audit charter and presents it to the board for approval periodically, not on a specific timeline
• D. The board seeks senior managements recommendation before approving the annual salary adjustment of the CAE.