1.Which of the following is NOT a principle of leadership ethics and corporate citizenship? a. The board should ensure that the company is, and is seen to be, a responsible corporate citizen. b. The board should lead ethically and effectively. c. The board should ensure the company is efficiently and effectively managed to maximize shareholder's wealth. d. The board should govern the ethics of the company in a way that supports the establishment of an ethical culture . 2.Internal audit activity (IAA) arrangements can be outsourced, in-house or co-sourced. For the following considerations/characteristics, select which type of internal audit activity is most appropriate.

The structure of the organisation is decentralised with global operations. A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA

3. An operational change in the organisation (merger). A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA

4. The business is in the start up phase with the business being created, early days of operations taking place. A. In-house IAA1.Which of the following is NOT a principle of leadership ethics and corporate citizenship? a. The board should ensure that the company is, and is seen to be, a responsible corporate citizen. b. The board should lead ethically and effectively. c. The board should ensure the company is efficiently and effectively managed to maximize shareholder's wealth. d. The board should govern the ethics of the company in a way that supports the establishment of an ethical culture . 2.Internal audit activity (IAA) arrangements can be outsourced, in-house or co-sourced. For the following considerations/characteristics, select which type of internal audit activity is most appropriate.

The structure of the organisation is decentralised with global operations. A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA

3. An operational change in the organisation (merger). A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA

4. The business is in the start up phase with the business being created, early days of operations taking place. A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA

5. The business is in the mature phase of its business cycle there is no issues of its survival, and it can even expand the business. A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA B. All three IAA types C.CO-source IAA D.Outsource IAA

5. The business is in the mature phase of its business cycle there is no issues of its survival, and it can even expand the business. A. In-house IAA B. All three IAA types C.CO-source IAA D.Outsource IAA