How do The IIAs quality assurance and improvement program professional standards (Standard 1300) apply to a fully
Question:
How do The IIA’s quality assurance and improvement program professional standards (Standard 1300) apply to a fully outsourced internal audit function? Specifically discuss the applicability of, and compliance requirements with, the external assessment procedures (Standard 1312).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
When it comes to a fully outsourced internal audit function The IIAs quality assurance and improvement program professional standards Standard 1300 still apply including the external assessment proced...View the full answer
Answered By
User l_998468
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Internal Auditing Assurance & Advisory Services
ISBN: 9780894139871
4th Edition
Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel
Question Posted:
Students also viewed these Business questions
-
Per IIA Standards, internal audit functions must establish: a. Internal quality assurance and improvement program assessments. b. External quality assurance and improvement program assessments. c....
-
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
-
The Influence of Internal Auditing on Effective Corporate Governance in the Banking Sector in Oman (Zaroug Osman and Omar Igbal, 2018) This research aims to examine the influence of internal audit on...
-
Why do we need Normalization? How many forms of Normalization exist? What is the minimum normal form required? Describe each normal form List Normalization conversion process
-
A couple plans to have 4 children. List the different outcomes according to the gender of each child. Assume that these outcomes are equally likely. 1. How many events are possible? 2. Find the...
-
Look at the different information systems used in your school or organization. Find a system with incomplete and/or outdated documentation (this should not be hard to do in most organizations!)....
-
9. The fi nancial goal of a fi rm should be to maximise value or wealth. Explain. [C.U. B.Com. (H), 2010]
-
After examining all the potential projects, you discover that there are many more projects this year with positive NPVs than in a normal year. What two problems might this extra large capital budget...
-
A Moving to another question will save this response. W Question 5 A context diagram is used A. as an aid to system design B. as an aid to programmers In systems analysis of very complex systems D....
-
What are the advantages of positioning the CAE on a senior management level within the organization?
-
What should internal auditors include in their fraud audit communications? What should they not include?
-
For Exercise 4.20, suppose output 2 is stochastic. The mean is equal to the deterministic value, and the variance is equal to 10 for the first three DMUs and 20 for the next three. Determine the...
-
Idenfity whether the following book - tax adjustments are permanent or temporary differences. ( a ) Federal Income Tax Expense ( b ) Depreciation Expense ( c ) Accrued Compensation ( d ) Dividends...
-
2 . ) Pozycki, LLC has reported losses of $ 1 0 0 , 0 0 0 per year since its founding in 2 0 1 6 . For 2 0 2 3 , Pozycki anticipates a profit of about $ 1 0 0 , 0 0 0 . There are 3 equal members of...
-
Elena is a single taxpayer for tax year 2023. On April 1st, 2022, Elena's husband Nathan died. On July 13, 2023, Elena sold the residence that Elena and Nathan had each owed and used as their...
-
Rodriguez Corporation issues 12,000 shares of its common stock for $56,600 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The...
-
Problem 3: A large rectangular plate is loaded in such a way as to generate the unperturbed (i.e. far-field) stress field xx = Cy; yy = -C x; Oxy = 0 The plate contains a small traction-free circular...
-
Kessler Service anticipates the following sales revenue over a five-month period: The company's sales are 30% cash and 70% credit. Its collection history indicates that credit sales are collected as...
-
Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015. 2016 2015 Sales $4,857,500 $4,752,900 Cost of goods sold 3,258,950 3,207,000...
-
In 2001, Ellen purchased a house for $60,000 to use as her personal residence. She paid $12,000 and borrowed $48,000 from the local savings and loan company. In 2005 she paid $10,000 to add a room to...
-
Vincent pays $20,000 for equipment to use in his trade or business. He pays sales tax of $800 as a result of the purchase. Must the $800 sales tax be capitalized as part of the purchase price?
-
Sergio owns 200 shares of Palm Corporation common stock, purchased during the prior year: 100 shares on July 5, for $9,000; and 100 shares on October 15, for $12,000. When Sergio sells 50 shares for...
-
Famas Llamas has a weighted average cost of capital of 8.8 percent. The companys cost of equity is 12 percent, and its pretax cost of debt is 6.8 percent. The tax rate is 22 percent. What is the...
-
The common stock of a company paid 1.32 in dividens last year. Dividens are expected to gros at an 8 percent annual rate for an indefinite number of years. A) If the company's current market price is...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
Study smarter with the SolutionInn App