According to the Standards, which of the following objectives is not required to ensure the
appropriate completion of an engagement?

A chief audit executive (CAE) of a major retailer has engaged an independent firm of information
security specialists to perform specialized internal audit activities. The CAE can rely on the
specialists' work only if it is:

Which of the following is the primary reason the chief audit executive should consider the
organization's strategic plans when developing the annual audit plan?

Which of the following risks assumes an absence of compensating controls in the area being
reviewed?

Inadequate risk assessment would have the strongest negative impact in which of the following
phases of an audit engagement?

During an assurance engagement, an internal auditor noted that the time staff spent accessing
customer information in large Excel spreadsheets could be reduced significantly through the use
of macros. The auditor would like to train staff on how to use the macros. Which of the following is
the most appropriate course of action for the internal auditor to take?

The chief audit executive (CAE) of a multinational entity with highly automated and complex
operations has just completed the update of the risk-based audit plan. Interviews with
management revealed the introduction of new technology and a significant increase in both the
number and severity of technology-based risk exposures. According to the International
Professional Practices Framework, which of the following would be the best course of action for
the CAE to undertake next?

The chief audit executive of a medium-sized financial institution is evaluating the staffing model of
the internal audit activity (IAA). According to IIA guidance, which of the following are the most
appropriate strategies to maximize the value of the current IAA resources?
• The annual audit plan should include audits that are consistent with the skills of the IAA.
• Audits of high-risk areas of the organization should be conducted by internal audit staff.
• External resources may be hired to provide subject-matter expertise but should be supervised.
• Auditors should develop their skills by being assigned to complex audits for learning
opportunities.