Acc550 exam - Study guides, Class notes & Summaries

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

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