Which of the following activities should the chief audit executive perform to ensure compliance with an organization's code of conduct?

A senior manager asks the chief audit executive (CAE) to explain why statistical sampling is the best method to use in conducting an internal audit. Which advantages should the CAE point to in order to justify the internal audit activity's (IAA) use of statistical sampling?

According to the International Professional Practices Framework,which of the following is the appropriate division of responsibilities for the coordination of internal and external audit efforts?
I.Oversight of Work Coordination of Activities Chief audit executive Senior management
II.Board Chief audit executive
III.Chief financial officer Chief audit executive
IV.Board Chief financial officer

Which of the following statements is correct regarding corporate compensation systems and related bonuses?
I. A bonus system should be considered part of the control environment of an organization and should be considered in formulating a report on internal control.
II. Compensation systems are not part of an organization's control system and should not be reported as such.
III. An audit of an organization's compensation system should be performed independently of an audit of the control system over other functions that impact corporate bonuses.

According to the International Professional Practices Framework, a primary purpose of evaluating the adequacy of an organization's risk management, control, and governance processes is to determine if it: