Which of the following would be an appropriate outcome of a quality assurance and improvement program in an internal audit activity?
Modification of resources.
Corrections to procedures.
Changes in processes.
Implementation of new technology.

The chief commodity trader for a large energy company learns from a friend that a competitor will likely fail its upcoming regulatory audit and will be forced to temporarily decrease production. If the information is true, the trader has short-term opportunities to make trades that will financially benefit the trader's company and will lead to a substantial increase in the trader's performance bonus. However, if the information is not true, making the trades will significantly increase the company's risk of being caught in a long position.
From an ethical perspective, which of the following would be the most appropriate course of action for the trader to take?

A fast-food company is developing a computer simu-lation involving arrival time at a drive-through restaurant. The distribution for arrival times is:
Time
Single-Digit Random
Between Arrivals Probability Number Assigned
2 minutes
0.1 0
3 minutes
0.2 1, 2
4 minutes 0.3
3, 4,5
5 minutes
0.4
6, 7,8, 9
Six random numbers are selected to represent the arrival of six cars: 1, 6, 9, 0, 5, 6.
What is the mean time between arrivals in this run of the simu-lation model?

Fraud is most frequently detected by:

The internal audit activity's role in the risk assessment and management processes of an organization is determined by the: