An internal auditor is asked to determine why the production line for a large manufacturing organization has been experiencing shutdowns due to unavailable parts The auditor learns that production data used for generating automatic purchases via electronic interchange is collected on personal computers connected by a local area network (LAN) Purchases are made from authorized vendors based on both the production plans for the next month and an authorized materials requirements plan (MRP) that identifies the parts needed per unit of production. The auditor suspects the shutdowns are occurring because purchasing requirements have not been updated for changes in production techniques. Which of the following audit procedures should be used to test the auditor ' s theory?

• A. Compare purchase orders generated from test data Input into the LAN with purchase orders generated from production data for the most recent period.
• B. Compare the parts needed based on current production estimates and the MRP for the revised production techniques with the purchase orders generated from the system for the same period
• C. Select a sample of production estimates and MRPs for several periods and trace them into the system to determine that input is accurate
• D. Develop a report of excess inventory and compare the inventory with current production volume.

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Senior IT management requests the internal audit activity to perform an audit of a complex IT area. The chief audit executive (CAE) knows that the internal audit activity lacks the expertise to perform the engagement.
Which of the following is the most appropriate action for the CAE to take?

• A. Decline the audit engagement, because the Standards prohibit internal auditors from performing engagements where they lack the necessary competencies.
• B. Temporarily hire an experienced and knowledgeable IT analyst from the organization ' s IT department to lead the audit.
• C. Outsource the audit engagement to a reputable IT audit consulting firm.
• D. Accept the audit engagement and use the engagement as an opportunity to develop the audit team's IT expertise while performing the audit work.

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When reviewing workpapers, engagement supervisors may ask for additional evidence or clarification via review notes. According to IIA guidance, which of the following statements is true regarding the engagement supervisor's review notes?

• A. Management of the area under review must address the engagement supervisor ' s review notes before the audit report can be finalized.
• B. The review notes may be cleared from the final documentation once the engagement supervisor's concerns have been addressed.
• C. The chief audit executive must initial or sign the engagement supervisor's review notes to provide evidence of appropriate engagement supervision.
• D. Review notes provide documented proof that the engagement is supervised properly and must be retained for the quality assurance and improvement program.

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An internal audit activity is planning its first audit of IT shared services. Which of the following controls would typically be evaluated first?

• A. Application controls
• B. Entity-level controls
• C. Transaction controls
• D. General controls.

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According to IIA guidance, which of the following statements regarding the internal audit charter is true?

• A. The nature of consulting services typically is not included in the charter.
• B. The chief audit executive must formally review the charter at least once a year
• C. The nature of assurances provided to parties outside of the organization typically is not included in the charter.
• D. The charter typically defines the internal audit activity's position within the organization.

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