Which of the following would be the most informative about an internal auditors performance during an audit engagement?

a. A post-engagement survey issued by the internal audit activity and completed by the audit client

b. A skills-assessment checklist maintained by the chief audit executive

c. A list of documented concerns raised through annual performance appraisal reports

d. A self-assessment completed by the internal auditor within one month after the conclusion of each engagement

Which of the following is an example of a sensitivity analysis?

a. Conducting experiments on a model in order to predict results

b. Conducting a detailed analysis of decision making by separating and analyzing the various parts of a decision

c. Calculating net present value on a project, then analyzing the effects of interest changes on fluctuation of net present value

d. Evaluating budget performance by comparing the variance between the amount budgeted and the amount spent