correct match$).$

Column A Column B

$1.$ Assurance

Services

i$.$ A process to identify, assess, manage, and control

potential events or situations to provide reasonable

assurance regarding the achievement of the

organisation$$s objectives.

$2.$ Board ii$.$ Adherence to policies, plans, procedures, laws,

regulations, contracts, or other requirements.

$3.$ Charter iii. Advisory and related client service activities without

the internal auditor assuming management

responsibility.

$4.$ Chief Audit

Executive

iv$.$ An objective examination of evidence for the purpose

of providing an independent assessment of

governance, risk management, and control processes

for the organisation.

$5.$ Code of Ethics v$.$ Any action taken by management, the board, and

other parties to manage risk and increase the

likelihood that established objectives and goals will be

achieved

$6.$ Compliance vi$.$ Describes the role of a person in a senior position

responsible for effectively managing the internal audit

activity in accordance with the internal audit charter

and the mandatory elements of the International

Professional Practices Framework.

$7.$ Conflict of

Interest

vii. Establishes the internal audit activity$$s position within

the organisation.

$8.$ Consulting

Services

viii. Helps an organisation accomplish its objectives by

bringing a systematic, disciplined approach to

evaluate and improve the effectiveness of

governance, risk management and control processes.

$9.$ Internal Control ix$.$ Prejudice an individual$$s ability to perform his or her

duties and responsibilities objectively.

$10.$Control

Processes

x$.$ Requires that internal auditors do not subordinate their

judgment on audit matters to others.

$11.$Governance xi$.$ Rules of Conduct that describe behaviour expected of

internal auditors.

CONFIDENTIAL

$10$ of $17$ AUI$3701$

May$/$June $2024$

Column A Column B

$12.$Independence xii. The ability of the internal audit activity to carry out

internal audit responsibilities in an unbiased manner.

$13.$Internal Audit

Activity

xiii. The combination of processes and structures

implemented by the board to inform, direct, manage,

and monitor the activities of the organisation.

$14.$Objectivity xiv. The highest$-$level governing body which is charged

with the responsibility to direct and$/$or oversee the

organisation$$s activities and hold senior management

accountable. Refers to a committee or another body

to which the governing body has delegated certain

functions $($e$.$g$.,$ an audit committee$).$

$15.$Risk

Management

xv$.$ The policies, procedures and activities that are part of

a control framework, are designed and operated to

ensure that the organisation operates within risk

appetite