Exam 16: Internal Audits governmental Audits and Fraud Examinations

Independence permits internal auditors to render impartial and unbiased judgments.The best way for internal audit departments to achieve independence is through

The federal law that established uniform requirements for audits of federal assistance provided to state and local governments is called

A stated objective of internal auditing is to add value to the organization.

The GAO emphasizes the risk management in government for the efficient,economical,and effective use of public funds and resources.

The Standards for the Professional Practice of Internal Audit of the Institute of Internal Auditors (IIA)is classified in three major categories.Which of the following is not one of these categories?

When preparing an audit report,an internal auditor must convince management to take action concerning the report's findings.When reporting on an audit finding,an auditor must include some key elements about that finding in the report.These key elements are

Program audits include determining

Which of the following is not required to become a certified internal auditor (CIA)?

The IIA auditing standards are classified into three major categories: ___________________,___________________,and _____________________________. Question also found in study guide

Predication is

An internal auditor's report should contain five elements for each finding.Which of the following are the correct elements?

Prosecution of fraud perpetrators is advisable because if not prosecuted,they _______________________________,and failure to do so ______________________________________________________. Question also found in study guide

To ensure an internal auditor's independence it is preferable for the internal auditor to report directly to the audit committee.

Fraud examiners must be concerned with the integrity of the evidence that they find.Preserving the evidence is called

An expert in detecting and investigating fraud is a certified fraud investigator.

The standards of the Institute of Internal Auditors (IIA)are grouped under two broad categories.Identify and briefly explain each of the categories.Each category has special standards written for specific types of audits.Identify the two types of special standards for each category.

Government performance audits determine if _________________________________________________________ and _______________________________________________. Question also found in study guide

Although internal auditors are associated with their employers in the eyes of the public,they seek ____________________ and ____________________ independence. Question also found in study guide

When performing a fraud examination,the fraud examiner takes great care to preserve and identify any documents that may indicate fraud,which is called

Forensic accounting is a term used solely to describe work that is performed when evidence of fraud exists in an organization. Question also found in study guide