Reference no: EM132793352

problem 1: Which of the following statements regarding the risk management process' support of the internal audit activity is true?

a. The risk management process can provide more extensive internal audit services to the organization if it does not have an internal audit department
b. The risk management process supports internal audit by evaluating whether critical controls are adequate and effective
c. The risk management process can determine whether all significant risks have been identified and are being treated
d. The risk management process establishes an organization-specific, documented risk management framework

problem 2: Which of the following is the primary reason an internal auditor would issue an interim report during an engagement?

a. To provide a status update on a short engagement to management of the area under review and to the audit supervisor
b. To confirm agreement with preliminary observations and conclusions identified during the engagement
c. To provide those responsible for the area under review with the opportunity to act on certain observations immediately
d. To verify that the corrective actions required by senior management are completed as agreed