1363-CL#3-24Aug22

Which of the following is not “mandatory guidance” in the IIA’s IPPF?

• Implementation Guidance

• The Code of Ethics

• The Code of Ethics

• The Standards

A primary purpose of the Standards is to:

• Promote coordination of internal and external audit efforts.

• Establish a basis for evaluating internal audit performance

• Develop consistency in internal audit practices

• Provide a codification of existing practices.

Which of the following is/are components of the Standards?

• Statements

• Interpretations

• The glossary

• All of the above

Audit committee are most likely to participate in the approval of:

• Audit staff promotions and salary increases

• The internal audit report observations and recommendations

• Audit work schedules.

• The appointment of the CAE.

Which of the following is a Core Principle for the Professional Practice of Internal Auditing?

• Maintain confidentiality.

• Promote an ethical culture in the internal audit profession.

• Develop consistency in internal audit practices.

• Is appropriately positioned and adequately resourced.