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The amount of fuel purchased.
The amount of fuel purchased.A . 1 and 2 B. 1 and 4 C. 2 and 3 D. 3 and 4View AnswerAnswer: C
Which of the following is a drawback of testing methods like this?
Is the documentation easily accessible to an persons who need in to perform their job? Which of the following is a drawback of testing methods like this?A . They ore kitted as they do not allow the auditor to test many controls. B. They do not highlight control gaps C....
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?A . The establishment of an audit approach and documentation system B. The standardization of workpaper terminology and notations C. The ability to reach consistent audit conclusions regardless of who performs the audit D. The...
The geographical dispersion of audit staff across the organization.
The geographical dispersion of audit staff across the organization.A . 1 and 3 B. 1 and 4 C. 2 and 3 D. 2 and 4View AnswerAnswer: B
Which of the following components are missing in the observation?
An audit observation states the following: "Despite the rules of the organization there is no approved credit risk management policy in the subsidiary. The subsidiary is concluding contacts with clients who have very high credit ratings. The internal audit team tested 50 contacts and 17 showed clients with a poor...
Which of the following is the best option for the chief audit executive to consider for effective coordination of assurance coverage?
Which of the following is the best option for the chief audit executive to consider for effective coordination of assurance coverage?A . Create an assurance map to illustrate each provider's level of assurance and planned activities for each area of the organization B. LIMIT© ricks inventory to identify the risks...
Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?
Which of the following is an appropriate responsibility for the internal audit activity with regard to the organization's risk management program?A . Identifying and managing risks in line with the entity's risk appetite. B. Ensuring that a proper and effective risk management process exists. C. Attaining an adequate understanding of...
Which of the following courses of action would have prevented this situation?
An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database. Which of the following courses of action would have...
The final internal audit report should be distributed to which of the following individuals?
The final internal audit report should be distributed to which of the following individuals?A . Audit client management only B. Executive management only C. Audit client management, executive management, and others approved by the chief audit executive. D. Audit client management, executive management, and any those who request a copy.View...
Which of the following is an appropriate documentation of proper engagement supervision?
Which of the following is an appropriate documentation of proper engagement supervision?A . A completed engagement workpaper review checklist. B. The supervisor's review notes on engagement workpapers. C. The email exchanges between the audit team and the supervisor. D. A supervisor's approval of resources allocated to the engagementView AnswerAnswer: B
