Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Internal audit activity is considering hiring a person who has a thorough understanding of internal auditing rechniques, accounting, and principles of management but has

1. Internal audit activity is considering hiring a person who has a thorough understanding of internal auditing rechniques, accounting, and principles of management but has nonspecialized knowledge of economics and information technology. Hiring the person is most appropriate if

a.Professional development program is agreed to in advance of actual hiring

b.Prospective employee could reasonably be expected to gain sufficient knowledge of these competencies in the long run

c.Mentor is assigned to ensure completion of an individually designed professional development program

d.Other internal auditors possess sufficient knowledge of economics and information technology

2. What is the most appropriate solution to resolve staff communication problems with engagement clients?

a.Meet with engagement clients to resolve communication problems

b.Avoid unnecessary communication with engagement clients

c.Discuss communication problems with staff auditors

d.Provide staff with sufficient training to enhance communication skills

3. If the internal audit activity does not have the skills to perform a particular task, an outside service provider could be brought in from

I. External Audit Firm II. Outside consulting firm III. Engagement client IV. University

a.I, II, and IV

b.II and IV

c.I, II, and III

d.I and II

4. An understanding is required of internal auditors with respect to which discipline?

a.Accounting principles and techniques

b.Marketing techniques

c.Management principles

d.Internal auditing procedures and techniques

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EAuditing Fundamentals Virtual Communication And Remote Auditing

Authors: J.P. Russell, Shauna Wilson

1st Edition

0873898486, 978-0873898485

More Books

Students also viewed these Accounting questions

Question

What is the cerebrum?

Answered: 1 week ago

Question

Identify and control your anxieties

Answered: 1 week ago

Question

Understanding and Addressing Anxiety

Answered: 1 week ago