$1.$ Strategy does$1.$ When applying the principles of Ethics and Professionalism, internal auditors are expected to:

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A$.$ Only abide by codes of conduct of their organisation

B$.$ Abide by codes of conduct of their organisation, while still conforming with the principles and standards set out in the Global Internal Audit Standards

C$.$ Use professional judgement as to how to conform to the intent of the principles and only conform when expected by the organisation

D$.$ Benchmark their behaviour to other professions

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$2.$ The requirements that needs to be addressed in the internal audit charter, includes:

$$ I.$$ Commitment to conformance of the Global Internal Audit Standards

$$ II$.$ Purpose of Internal Auditing and the Internal Audit Mandate

$$ III.$$ Commitment to conformance to Domain III and all of the related principles and standards

$$ IV$.$ Organisational position and reporting relationships

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A$.$ Only I, III and IV

B$.$ Only I and III

C$.$ Only I, II and III

D$.$ Only I, II$,$ IV

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$3.$ A CAE is updating the internal audit functions methodologies as part of their annual review.$$ They have noted that the organisation has a documented policy that has recently been updated and accepted by the Board, regarding the acceptance of gifts. According to the Global Internal Audit Standards best way in which the CAE should update the methodology?

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A$.$ Take out the section referring to acceptance of gifts, rewards or favours form the internal audit functions$$ methodology as it is already in the organisations policy.

B$.$ Update the section referring to acceptance of gifts, rewards or favours form the internal audit functions$$ methodology according to the latest Global Internal Audit Standards.

C$.$ Do nothing as it is already documented and all of the internal auditors know what to do$.$

D$.$ Go on training on how to develop new methodologies and traditions for an organisation.

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$4.$ The chief audit executive must coordinate with internal and external providers of assurance services. The assurance providers can include:

$$ i$.$ The shareholders

$$ ii$.$ The compliance section

$$ iii.$$ The external auditors

$$ iv$.$ The risk management section

$$ v$.$ The chief audit executive

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A$.$ i$,$ ii and iii

B$.$ i$,$ ii and iv

C$.$ ii$,$ iii and iv

D$.$ All of the above

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$5.$ An External Quality Assessment of the Internal audit function cannot be performed through:

A$.$ A person within the organisation with knowledge of internal audit practices

B$.$ A qualified, independent assessor

C$.$ A qualified, internal audit assessment team

D$.$ A self$-$assessment with independent validation

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$6.$ When evaluating the potential finding, the internal does not need to:

A$.$ Collaborate with management

B$.$ Prioritize each engagement finding

C$.$ Determine the potential effects

D$.$ Develop a recommendation

C$.$ D