Internal Audit Cambodia

Reviewing prior audit reports and supporting workpapers before an engagement starts enables an internal auditor to do which of the following?
1. To understand better the activity and processes that will be audited.
2. To identify the audit procedures that will be used during the engagement.
3. To ensure that matters of greatest vulnerability will be addressed.
4. To use the information obtained as evidence in the current engagement.
A. 1 and 3 only
B. 1 and 4 only
C. 2, 3, and 4 only
D. 4 only

Which of the following is not an appropriate activity for internal auditors to perform?
A. Recommend management seek a consulting firm to advise on outsourcing.
B. Implement solutions for specific organizational problems.
C. Accumulate data, obtain varying views, and report information to senior management.
D. Highlight matters that require management's attention.

According to IIA guidance, organizations have the most influence on which element of fraud?
A. Opportunity.
B. Rationalization.
C. Pressure.
D. Incentives.

A new chief audit executive (CAE) of a large internal audit activity (IAA) is dissatisfied with the current amount and quality of training being provided to the staff and wishes to implement improvements. According to IIA guidance, which of the following actions would best help the CAE reach this objective?
A. Engage a consultant to benchmark the IAA's training program against its peers.
B. Perform a gap analysis of the IAA's existing knowledge, skills and competencies.
C. Require that all staff obtain a minimum of two relevant audit certifications.
D. Assign one experienced manager to better coordinate staff training and development activities.

Adherence to the mandatory guidance is essential for the professional
practice of internal auditing, Internal audit must conform to the mandatory guidance consists of four elements:
1. Core Principles for the professional practice of internal auditing,
2. The definition of internal auditing,
3. The code of ethics , and
4. The standards.

The Institute of Internal Auditor (The IIA), defines the mission of internal audit as follow:
A. “To enhance and protect organizational value by providing risk-based
and objective assurance, advice, and insight,”
B “Facilitating the achievement of this mission is the IPPF.”

1.Which of the following concurrent occupations could appear to subvert the ethical behavior of an internal auditor?
A.Internal auditor and adjunct faculty member of a local business college that educates potential employees.
B.Internal auditor and a well-known charitable organization’s local in-house chairperson.
C.Internal auditor and part-time business insurance broker.
D.Internal auditor and landlord of multiple housing that publicly advertises for tenants in a local community newspaper listing monthly rental fees.

Root cause analysis is a process for understanding 'what happened' and solving a problem through
looking back and drilling down to find out 'why it happened' in the first place. Then, looking to rectify
the issue(s) so that it does not happen again, or reduce the likelihood that it will happen again.

What is the root-cause analysis?