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Answer a is correct the chief audit executive must

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Answer A iscorrect.The chief audit executive must ensure that internal audit resources are appropriate,sufficient, and effectively deployed to achieve the approved plan (Perf. Std. 2030). Theapproved plan must be consistent with the goals of the organization.B.Learners’ readiness.
C.Learning content.D.Budget constraints.Gator Financial Service is considering outsourcing its internal audit activity. GatorFinancial ServiceAnswersA.Cannot outsource the activity because it will impair the effectiveness of theengagement.B.Can outsource the services if the external auditor can effectively oversee theinternal audit activity.C.Must outsource all internal audit activity to maintain independence.D.Can outsource the services as long as Gator Financial Service continues tohave the responsibility for maintaining an effective internal audit activity.Answer D iscorrect.An organization’s governing body may decide that an external service provider is themost effective means of obtaining internal audit services. In these cases, PerformanceStandard 2070 requires that the external audit service provider remind the organizationthat the responsibility for maintaining an effective internal audit activity lies with theorganization.In managing internal audit resources, the CAE considers all of the followingexceptAnswersA.Resourcing needs.B.Succession planning.C.Staff evaluation and development.D.Benchmarking.Answer D iscorrect.Benchmarking is a continuous evaluation of the practices of the best organizations intheir class and the adaptation of processes to reflect the best of these practices. It is notused in managing internal audit resources. In managing internal audit resources, theCAE considers succession planning, staff evaluation and development, and otherhuman resource disciplines. The CAE also addresses resourcing needs, includingwhether those skills are present in the internal audit staff.When determining the number and experience level of an internal audit staff to beassigned to an engagement, the chief audit executive should consider all of thefollowingexcepttheAnswersA.Lapsed time since the last engagement.
Answer A iscorrect.Lapsed time since the last engagement is a factor affecting engagement scheduling, notstaffing.B.Training needs of internal auditors.C.Available internal audit activity resources.D.Complexity of the engagement.Inquiring how an employment candidate handled situations in their past is an exampleof which interview method?AnswersA.Unstructured.B.Structured.C.Behavioral.Answer C iscorrect.Behavioral interviews determine how candidates handled situations in their past. It isbased on the belief that past performance is generally indicative of future performance.

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Term
Fall
Professor
DESAI
Tags
internal auditor, assistance

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