When constructing a staffing schedule for the internal audit activity (IAA), which of the following criteria are most important for the chief audit executive to consider for the effective use of audit resources?
1. The competency and qualifications of the audit staff for specific assignments.
2. The effectiveness of IAA staff performance measures.
3. The number of training hours received by staff auditors compared to the budget.
4. The geographical dispersion of audit staff across the organization.

Which of the following statements is correct regarding the assessment of risk in the annual audit planning process?
1.Activities requested by management should be considered higher risk than those requested by the audit committee.
2.Activities with lower budgets can be as high risk as those with higher budgets.
3.The potential financial or adverse exposure should always be considered in the assessment of risk.

An internal auditor has completed an audit of an organization's activities and is ready to issue a report.
However, the client disagrees with the internal auditor's conclusions. The auditor should:

An internal auditor noticed that employees with responsibilities for cash collection had recently issued an unusually large number of credit memos, indicating that the original charges had been made to the wrong customer accounts. From a control standpoint, the auditor would be concerned with the possibility that:

According to IIA guidance, organizations have the most influence on which element of fraud?