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Internal Auditor Competency Quiz

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Questions and Answers

What is the purpose of maintaining a competency profile of the IAS/IAU personnel?

To address and monitor competency gaps (correct)

To recruit new internal auditors

To allocate budget for training programs

To establish a strategic audit plan

How often does the IAS review and update its training and development plan?

Semi-annually (correct)

Biennially

Quarterly

Annually

What primarily influences the budget of the IAS?

Strategic and annual audit plan (correct)

Training and development programs

Competency model

Personnel recruitment

Why must training and development programs be reviewed and updated in a timely manner?

<p>To address identified competency gaps</p> Signup and view all the answers

What is the purpose of considering the cost of completing planned audit engagements when preparing the budget?

<p>To ensure the budget is sufficient to implement the role expected</p> Signup and view all the answers

Internal Auditor Competency Quiz

Choose a study mode

Podcast

Questions and Answers

What is the purpose of maintaining a competency profile of the IAS/IAU personnel?

How often does the IAS review and update its training and development plan?

What primarily influences the budget of the IAS?

Why must training and development programs be reviewed and updated in a timely manner?

What is the purpose of considering the cost of completing planned audit engagements when preparing the budget?

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