PARAGRAPH 1: The production department has the newest production equipment available because of a fire that required the replacement of all equipment.PARAGRAPH 2: The members of the production department have become completely comfortable with the state-of-the-art technology over the past year and a half. As a result, the production department has become an industry leader in production efficiency and effectiveness.PARAGRAPH 3: The production department produces an average of 25 units per worker per shift. The defect rate is 1%.PARAGRAPH 4: The industry average productivity is 20 units per worker per shift. The industry defect rate is 3%.Which paragraph would be characterized as the attribute described in the IIA Standards as “Criteria”?
An external quality assessment team was evaluating the independence of an internal audit activity. The internal audit activity performs engagements concerning all of the elements included in its scope. Which of the following reporting responsibilities is most likely to threaten the internal audit activity’s independence? Reporting to the
PARAGRAPH 1: The production department has the newest production equipment available because of a fire that required the replacement of all equipment.PARAGRAPH 2: The members of the production department have become completely comfortable with the state-of-the-art technology over the past year and a half. As a result, the production department has become an industry leader in production efficiency and effectiveness.PARAGRAPH 3: The production department produces an average of 25 units per worker per shift. The defect rate is 1%.PARAGRAPH 4: The industry average productivity is 20 units per worker per shift. The industry defect rate is 3%.Which paragraph would be characterized as the attribute described in the IIA Standards as “Condition”?