A Chief Audit Executive Is Preparing Interview Questions for the Upcoming

question 324

Multiple Choice

A chief audit executive is preparing interview questions for the upcoming recruitment of a senior internal auditor. According to IIA guidance, which of the following attributes shows a candidate's ability to probe further when reviewing incidents that have the appearance of misbehavior?

• A) Integrity.
• B) Flexibility.
• C) Initiative.
• D) Curiosity.

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Definitions:

Cost Concept

An accounting principle that states assets should be recorded at their cost at the time of acquisition.

Revaluing Assets

The process of adjusting the book value of a company's assets to their current market value.

Financial Statement

A documented record that outlines the financial activities and condition of a business, entity, or individual.

Service Business

A type of business that provides intangible products, such as expertise, time, or activities, to customers rather than physical goods.