CIA Exam - Subunit 2 questions with correct answers

Internal auditors must be ________ and ________ in performing their work. Correct Answer-independent; objective Independence: Organizational attribute of the _________ _________ activity as a whole. Correct Answer-internal audit Independence is the freedom from conditions that threaten the ability too carry out responsibility in an ________ _______. Correct Answer-unbiased manner To achieve the degree of independence necessary to effectively carry out the responsibilities of the internal audit activity, the CAE must have direct and unrestricted access to ______ ______ and the board without interference. Correct Answer-senior management Objectivity is a _________ ______ _______ and is defined as freedom from _______. It is expressing/involving the use of facts without distortions by personal feelings/prejudices. Correct Answer-state of mind; bias In a dual reporting relationship, the CAE reports administratively to ____________, and functionally to _____________. Correct Answer-management; the audit committee For day to day issues the CAE will report to __________ because they are more available and can provide approval. Correct Answer-management It is the interplay between _________ and _______ which allows internal auditors to be successful. Correct Answer-independence and objectivity The CAE must confirm to ____________,