IIA-CIA-Part1 Exam Dumps : Essentials of Internal Auditing

An effective continuing professional education (CPE) program for internal auditors involves ongoing development and engagement with the broader professional community. By encouraging auditors to volunteer and support research work of the local professional institute, the CAE promotes professional growth, knowledge sharing, and staying current with industry best practices and emerging trends. This practice not only enhances the auditors' skills and knowledge but also fosters networking and professional development opportunities.

References:

The IIA Standards: Standard 1230 – Continuing Professional Development: "Internal auditors must enhance their knowledge, skills, and other competencies through continuing professional development."

IIA Practice Guide: "Continuing Professional Education (CPE)": Highlights the importance of engagement with professional bodies and continuous learning as part of an effective CPE program.

Workshops are likely the most efficient way for management to self-assess the overall effectiveness of the controls in a 200-person manufacturing department. Workshops can facilitate interactive discussions and group activities that help identify control gaps, understand employee perspectives, and consolidate feedback effectively across a large group.References: Best practices in internal control assessments and organizational development literature.

According to IIA guidance, the 'familiarity' threat to objectivity occurs when an internal auditor has a long-term business relationship with the audit client. This kind of relationship can lead to a closeness or trust that might compromise the auditor's objective assessment of the client's policies, procedures, or transactions due to a lack of critical assessment or skepticism.References: The IIA's Code of Ethics and International Standards for the Professional Practice of Internal Auditing on objectivity and conflict of interest.