IA Knowledge I

Question 1

An organization’s standards of behavior.

Answer 1

Corporate values

Question 2

A department, division, team of consultants, or other practitioner(s) that provide independent, objective assurance and consulting services designed to add value and improve an organization’s operations.

Answer 2

Internal audit activity

Question 3

The conformity and adherence to policies, plans, procedures, laws, regulations, contracts, or other requirements.

Answer 3

Compliance

Question 4

The combination of processes and structures implemented by the board in order to inform, direct, manage and monitor the activities of the organization toward the achievement of its objectives

Answer 4

Governance

Question 5

An independent, objective assurance and consulting activity designed to add value and improve an organization’s operations; brings a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Answer 5

Internal auditing