When is initial use of the conformance phrase by internal auditors appropriate

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Answer (D) isincorrect. Assessments also may be made by others who are (1)independent, (2) qualified, and (3) from outside the organization.[221] Gleim #: 2.8.120When is initial use of the conformance phrase by internal auditors appropriate?After an internal review completed within the past 5 years.A.After an external review completed within the past 10 years.B.After an internal review completed within the past 10 years.C.After an external review completed within the past 5 years.D.Answer (A) isincorrect. An internal audit activity must have an externalassessment every 5 years.Answer (B) isincorrect. Initial use of the conformance phrase requires thecompletion of an external assessment within the past 5 years.Answer (C) isincorrect. Initial use of the conformance phrase requires thecompletion of an external assessment within the past 5 years.Answer (D) iscorrect. The chief audit executive may state that the internal auditactivity conforms with theInternational Standards for the Professional Practiceof Internal Auditingonly if the results of the quality assurance and improvementprogram support this statement (Attr. Std. 1321). To use the phrase, the chief auditexecutive of an internal audit activity in existence for at least 5 years must havethe results of an external assessment within that period.[222] Gleim #: 2.8.121Following an external assessment of the internal audit activity, who is (are)responsible for communicating the results to the board?Internal auditors.A.Audit committee.B.Chief audit executive.C.External auditors.D.Answer (A) isincorrect. The chief audit executive (not internal auditors) isresponsible for communicating the results of external assessments to the board.Answer (B) isincorrect. The chief audit executive (not the audit committee) isresponsible for communicating the results of external assessments to the board.Answer (C) iscorrect. The chief audit executive must communicate the results ofthe QAIP to senior management and the board (Attr. Std. 1320).Answer (D) isincorrect. The chief audit executive (not external auditors) isresponsible for communicating the results of external assessments to the board.Gleim CIA Test Prep:Part 1 - Internal Audit Basics(720 questions)Copyright 2013 Gleim Publications Inc.Page 122Printed for Sanja Knezevic

When can the internal audit activity state that the internal audit activity conforms with the international standards for the professional practice of internal auditing?

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Which one of the following is an activity appropriately performed by internal auditing?

What are 5 phases of internal audit process?