Certified Internal Auditor Study Guide Part 1 questions with correct answers

International Professional Practice Framework Correct Answer-1. Mandatory Guidance 2. Strongly Recommended Guidance Racketeer Influenced and Corrupt Organizations (RICO) has this type of provisions Correct Answer-Civil & Criminal The Mandatory Guidance of the International Professional Practice Framework (IPPF) contains how many elements? Correct Answer-4 The Core Principles, the Definition of Internal Auditing, the Code of Ethics, and the Standards are all elements of this. Correct Answer-The Mandatory Guidance The Standards (The International Standards for the Professional Practice of Internal Auditing) serve these purposes: Correct Answer-1. Guiding adherence to the mandatory elements of the IPPF 2. Providing a framework for performing and promoting a broad range of value-added internal auditing 3. Establishing the basis for the evaluation of internal audit performance 4. Fostering improved organizational processes and operations 'Guiding adherence to the mandatory elements of the IPPF' is a purpose of Correct Answer-The Standards 'Providing a framework for