Subject : Internal Audit

Lecturer: Hesty Juni Tambuati Subing, SE., M.Ak.

Please answer the question below properly and correctly :

1. What are the advantages of positioning the CAE on a senior management level within the
organization?
2. What are the differences between organizational independence and individual
objectivity?
3. What key elements are taken into consideration when determining how to manage
resources in an internal audit function?
4. What is the difference between a flat organization structure and a hierarchical
organization structure in an internal audit function and what are the advantages and
disadvantages of each?
5. What are the different positions within a hierarchically structured internal audit function
and what are their primary responsibilities?
6. What are the CAE’s responsibilities when reporting to the audit committee?
7. What is the difference between risk mitigation and risk management?
8. According to The IIA, What are the five objectives of a risk management process?