Which of the following should be included in the scope of an audit of a third-party contractor?
1. Budgets and financial forecasts for the project.
2. Contractor's information and control systems.
3. Contractor's financial position.
4. Progress of the project and costs incurred.

As part of an operational audit, an auditor compared records of current inventory with usage during the prior two-year period and determined that the spare parts inventory was excessive. What step should the auditor perform first?

Which of the following statements is not true about the oversight and review of working papers by the chief audit executive (CAE)?

According to the International Professional Practices Framework, which of the following statements is true regarding the use of the statement, "Conducted in Conformance with the International Standards for the Professional Practice of Internal Auditing," when communicating results of a seven-year-old internal audit activity?

An internal auditor wanted to determine whether the organization's 200 employees are charging their work hours accurately to the correct project. The internal auditor selected a sample of 30 employee time reports for testing. Based on the testing, the internal auditor determined the following:
- 5 Time reports were incorrect.
- 21 Time reports were correct.
- 4 Time reports were not supported.