Which of the following statements represents the most appropriate correlation between an organization ' s risk maturity and the internal audit activity's consulting role in risk management processes?

• A. When an organization has a high level of risk maturity the internal audit activity is more likely to provide consulting services related to risk management
• B. There is typically no correlation between an organization's risk maturity and the extent to which the internal audit activity's consulting role in risk management processes
• C. When an organization has a low level of risk maturity, the internal audit activity is less likely to provide consulting services related to risk management
• D. When an organization has a high level of risk maturity the internal audit activity is less likely to provide consulting services related to risk management

According to IIA guidance, which of the following statements is true regarding consulting engagements performed by the internal audit activity?

• A. A preliminary risk assessment may not be needed for consulting engagements, because the expectations and objectives of the engagement are determined by the engagement client.
• B. According to the Standards, internal auditors are permitted to carry out certain management functions during a consulting engagement.
• C. Consulting engagements typically involve four or five parties: the internal audit activity, engagement client, senior management, board, and sometimes the external auditor.
• D. The scope of a consulting engagement is determined by either the engagement supervisor or chief audit executive, and it is finalized prior to beginning fieldwork.

In which of the following ways could stakeholders be engaged in corporate social responsibility efforts?

• A. Communication of disclosures and external reporting,
• B. Investigation of health and safety incidents.
• C. Involvement in focus groups and complaint management
• D. Auditing of controls and management systems.

Which of the following characteristics is typical of the internal audit activity?

• A. Serves third parties that need reliable financial information from audit engagements
• B. Responds to the needs and desires of senior management and the board, but remains independent of areas under review
• C. Is completely independent of senior management, the board and the area under review
• D. Ensures the organization complies with laws and regulations in the area under review

With regard to the internal audit activity ' s quality assurance and improvement program, which of the following topics would the chief audit executive include on the quarterly board meeting agenda?

• A. The compensation structure of the qualified assessment team.
• B. The scope and frequency of both internal and external quality assessments.
• C. The number and qualifications of internal audit staff members assigned to perform internal assessments during the year.
• D. The list of audit engagements that will be assessed during the year.