Which of the following is an effective way for an internal auditor to improve communications with the client during a contentious audit?

Which of the following files, when compared with billing records, would provide the best source of information for determining if all goods shipped are billed to customers?

The internal auditor of a bank has developed a multiple regression model which has been used for a number of years to estimate the amount of interest income from commercial loans. During the current year, the auditor applies the model and discovers that the R2 value has decreased dramatically, but that the model otherwise seems to be working correctly. Which of the following conclusions is justified by the change?

In which of the following situations would it be most appropriate to employ the services of a forensic specialist?

The chief audit executive (CAE) of a large retail operation believes that senior management has accepted a level of risk that exceeds the organization's current risk tolerance with respect to a major expansion. The CAE plans to meet with senior management to discuss these concerns. According to IIA guidance, which of the following would be an appropriate course of action in preparation for this meeting?
* Understand management's basis for the decision.
* Advise the board of the concern and upcoming meeting.
* Ascertain which members of management have accepted the risk.
* Determine if management has the authority to accept the risk.