In addition to the International Standards for the Professio…

In addition to the International Standards for the Professional Practice of Internal Auditing, some internal audit departments follow other standards in conducting their work, either because of regulatory requirements or by choice. When these other standards are inconsistent with IIA Standards, what should the audit department do?

A five card hand is dealt to you from an ordinary 52-card de…

A five card hand is dealt to you from an ordinary 52-card deck. a.  How many 5 card hands will be composed of all face cards?  b.  How many 5 card hands will be composed of 2 Queens and 3 Jacks?  c.  How many 5 card hands will be composed of 1 spade and 4 hearts? 

Independence refers to the organizational status of the inte…

Independence refers to the organizational status of the internal audit function.  The best independence for the internal audit process generally results when the chief audit executive (CAE) reports functionally to the _________  and administratively to a senior executive such as the CEO or CFO.