answersLogoWhite

0

To complete the examination successfully, a candidate must be familiar with the Institute of Internal Auditors' Standards for the Professional Practice of Internal Auditing and the institute's Code of Ethics.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Engineering

What is the maximum length allowed in difining a c variable?

In order to claim compliance with ANSI C standards, the minimum maximum for internal identifiers and macros is 63 characters, and external identifiers is 31 characters. Vendors are encouraged to avoid imposing a maximum value whenever possible.


How do you calculate order of internal nodes in B plus -tree?

The order of internal nodes in a B+-tree refers to the maximum number of children that any internal node can have. To calculate the order, you typically denote it as ( m ). For a B+-tree of order ( m ), each internal node can have between ( \lceil m/2 \rceil ) and ( m ) children, except for the root, which can have as few as 2 children. This structure ensures balanced tree height and efficient search, insert, and delete operations.


What is First order class 1 standards for survey?

First Order Class 1 standards for surveying are the highest accuracy standards set by geodetic authorities for precise measurements. These standards require a high degree of precision in horizontal and vertical control surveys, typically involving rigorous methodologies and advanced equipment. They ensure that measurements are reliable for critical applications, such as national mapping and large-scale engineering projects. Compliance with these standards necessitates meticulous fieldwork, data analysis, and adherence to established protocols.


Why is the internal resistance of a cell not constant?

The internal resistance of a cell is not constant because a cell needs to move and be flexible in order to undergo various osmosis or diffusion processes.


In order to ensure that a contractor has an acceptable quality assurance system in place the Government can require that a contractor be ISO 9001 certified?

False

Related Questions

Do you have to be a member of the Institute of Internal Auditors in order to take the certified internal auditor exam?

It is not necessary to be a member of the IIA in order to take the examination.


How much experience is required to become a certified internal auditor?

In order to become a CIA, there is an experience requirement of twenty-four months of internal auditing or its equivalent.


What is the significance of 9001 in iso 9001?

The International Organization of Standardization develops and releases standards. The standards are numbered; a series of standards on the same topic will have a series of numbers assigned. For example, the standards for a Quality Management System is the "9000" series. Within this series there are a number of documents. ISO 9001 is the document containing requirements for the system. ISO 9001 is part of the ISO 9000 family of standards. ISO 9001 deals with the requirements that organizations wishing to meet the standard they have to meet. ISO 9001 is actually not certified by ISO itself but through a third party certification bodies. It needs to be audited by both an internal auditor and an external auditor in order to get the ISO 9001 certification.


The Challenge of Internal Audit Jobs?

Internal auditors have the responsibility of making sure that their company's financial records are in order. They evaluate the controls that govern the company's income and expense accounts to make certain they are sufficient. These accounts must meet company and government requirements. Company requirements are based on company policy; government requirements are drawn out through various laws and procedures. Internal auditors must assure that the controls are sufficient to eliminate error or fraud. They prepare the company's tax records for the government. Dealing with overall budgets, internal auditors have also become computer savvy with a handle over the various computer software packages that aid in organizing and reporting accounts. Internal auditors generally have no responsibilities for producing strategy based on accounts or company projections. Internal auditors in the United States become Certified Internal Auditors by passing the Institute of Internal Auditors four-part examination. The examination is based on such topics as risk and control, governance concepts, fraud elements, tools for audit engagement, financial accounting, information technology concepts, and competitive analysis and strategies. After passing the test, the internal auditor must decide in which one of four areas he or she would like to receive a certificate. One can qualify for the Certified Internal Auditor certificate; the Certified Government Auditing Professional certificate; the Certified Financial Services Auditor certificate or receive Certification in Control Self-Assessment. The IIA expects internal auditors to have bachelor degrees and to follow the IIA Code of Ethics. The IIA standards are promoted and recognized across the globe, and many international internal auditors obtain their certification to practice in their countries from the IIT. Internal auditors have a medium salary of $54,000. After experience, the upper levels of internal auditors command $94,100. The number of jobs is expected to increase by 22 percent through 2014. By obtaining an MBA in accounting, internal auditors can reach a much higher salary level. The MBA degree will give the auditor necessary skills to interpret and adapt new laws to their work. Internal auditors have privileged status positions. It is important that they have a good knowledge of the law to protect their access to and knowledge of sensitive and confidential information.


What are purpose of audit working paper?

Working papers are the evidence of work done by the auditor, he should prepare working papers in order to provide evidence that audit was properly performed according to ISA standards. Working papers support auditor, in-case he is being sued in court by the client, for negligence of audit work.


What kid of tests do you have to take in order to be an accountant?

To become an accountant, you typically need to pass the Uniform Certified Public Accountant (CPA) Exam, which consists of four sections covering auditing, financial accounting, regulation, and business concepts. Additionally, some states may require passing an ethics exam. For those pursuing specialized accounting roles, other certifications like the Certified Management Accountant (CMA) or Certified Internal Auditor (CIA) may also require specific exams. It's important to check the specific requirements of the state or country where you plan to practice.


Is the external auditor responsible?

An external auditor is hired in order to ensure that no corruption or compromise takes place in important matters. The responsibilities of the auditor start when their work starts and ends when the auditing is complete and results submitted.


Can you return a certified check?

Certified cheques are bank certified in order to enable them to be received as cash. You cannot return a certified cheque, but you can cash it in.


How is a fruit certified organic?

In order for the fruit to be certified organic, the farm must be certified organic where the fruit is grown.


How is a vegetable certified organic?

In order for a vegetable to be certified organic, the farm and the ground that the vegetable grows in must be certified organic.


What is the full form of caro?

CARO stands for Companies Auditor's Report Order, which is a set of guidelines issued by the government of India for statutory auditors of companies. It outlines the specific matters that the auditors must include in their audit report.


What is the difference between Inherent Risk and Control Risk?

Inherent Risk is embeded in the Model or the structure of the Company, such as Banks and financial institutions have an inherent risk of Robbery as cash is being handled at high volumes.This cant be controlled due to the basic structure of the business. The Auditor can not change this risk due to its embeded nature. Control Risk on the contrary is the Risk due to Internal Control implemented in order to minimize material misstatements. Management designs the internal control system in order to prevent material misstatement occurence. Auditor again cant change this and has to tune the Detection risk based on the level of these 2 risks.