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

I. Statements.

II. Interpretations.

III. Glossary.

a.I only

b.I and II

c.I and III

d.I, II, and III

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2. Internal auditors often prepare process maps and reference portions of these maps to narrative descriptions of certain activities. This is an appropriate procedure to:

a.Determine the ability of the activities to produce reliable information.

b.Obtain the understanding necessary to test the process.

c.Document that the process meets internal audit standards.

d.Determine whether the process meets established management objectives.

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3. Which of the following types of companies would most likely need the strongest anti-fraud controls?

a.A manufacturer of popular athletic shoes.

b.A grocery store.

c.A bank.

d.An internet-based electronics retailer.