11 Multiple Question 1 A primary purpose of the Standards is to a Promote

11 multiple question 1 a primary purpose of the

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Multiple Question #1 A primary purpose of the Standardsis to: a.Promote coordination of internal and external audit efforts. b.Establish a basis for evaluating internal audit performance. c.Develop consistency in internal audit practices. d.Provide a codification of existing practices. Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A. 12
Multiple Question #3 An internal auditor provides income tax services during the tax season. For which of the following activities would the auditor most likely be considered in violation of The IIAs Code of Ethics? Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A. 13
Multiple Question #4 An internal auditor is auditing a division in which the division’s CFO is a close friend. The auditor learns that the friend is to be replaced after a series of critical contract negotiations with the Department of Defense. The auditor relays this information to the friend. Which principle of The IIA’s Code of Ethics has been violated ? Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A. 14
Multiple Question #5 The IIA’s Standards require internal auditors to exercise due professional care while conducting assurance engagements. Which of the following is not something an internal auditor is required to consider in determining what constitutes the exercise of due care in an assurance engagement of treasury operations? Copyright: Internal Auditing: Assurance and Advisory Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, Florida 32701-4201 U.S.A.

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