1) Which of the following is false? A) Management cannot dispute findings made by internal audit B) Auditors cannot build relationships with the business without violating the principle of objectivity C) Auditors who lack knowledge of the business may have a more difficult time establishing credibility D) Internal auditing typically knows more about the function being audited than the audit client E) All of the above are false 2) Which of the following is not part of the definition of internal auditing? A) Risk management B) Implement internal controls C) Consulting D) Governance E) Add value 3) Which of the following is not cited in week 3 as a limitation of a system of internal controls? A) Cost/benefits trade-offs in establishing controls B) Collusion C) Management overrides D) Absence of an internal controls framework E) Lack of training in control procedures 4) Which of the following is true about the IPPF? A) By law in the U.S. internal auditing departments must comply with all the IIA Standards . B) Interpretations are not considered to be mandatory guidance C) The Code of Ethics is part of the Standards D) Independence as defined in the IPPF is a concept dealing with an unbiased mental attitude E) None of the above items are true PLEASE EXPLAIN YOUR REASON FOR PICKING YOUR ANSWER. .