Acc550 exam - Study guides, Class notes & Summaries
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ACC550 Exam| Study Questions Solved 100% Correct
- Exam (elaborations) • 21 pages • 2024
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Given that internal audit engagements must be performed with proficiency and due 
professional care, which of the following is true? 
a. all internal auditors must be proficient in all necessary competencies 
b. the internal audit activity need not decline an engagement because it lacks the 
needed competencies 
c. an internal auditor should have the expertise of a specialist in fraud detection 
d. an internal auditor should have the expertise of a specialist in IT auditing - ANSWER 
B? not A
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ACC550 Exam| Study Questions Solved 100% Correct
- Exam (elaborations) • 21 pages • 2024
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- $12.49
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according to the IIA, continuing professional development activities may include 
a. up to 8 hours of ethics training of which 4 hours are mandatory for nonpracticing CIAs 
b. participating in conferences, online and classroom courses, and webinars 
c. completion of at least 40 hours of continuing professional education annually by 
nonpractitioners 
d. earning an advanced degree in any field - ANSWER B
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