BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To emphasize the importance of the internal audit function to the organization.
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To ensure that the internal audit plan will be approved by senior management.
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To make recommendations to improve the strategic plan.
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To ensure that the internal audit plan supports the overall business objectives
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Detailed explanation-1: -Which of the following is the best reason for the CAE to consider the org’s strategic plan in developing the annual internal audit plan ? An internal audit engagement was included in the approved int audit plan. This is considered a moderately high-risk audit base on the int audit function’s risk model.
Detailed explanation-2: -7. Which of the following is the best reason for the CAE to consider the organization’s strategic plan in developing the annual internal audit plan? A-To ensure that the internal audit plan supports the overall business objectives.
Detailed explanation-3: -Which of the following is the best reason for the chief audit executive to consider the strategic plan in developing the annual audit plan? To ensure that the internal audit plan supports the overall business objectives.
Detailed explanation-4: -The main objective of the internal auditor is to provide assurance to achieve the organizational goal efficiently and economically.
Detailed explanation-5: -Which of the following best describes an internal auditor’s purpose in reviewing the organization’s existing governance, risk management, and control processes? To provide reasonable assurance that the processes will enable the organization’s objectives and goals to be met efficiently and economically.