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Which of the following is a control that is used mainly to check the integrity of data entered into a business application, whether the data is entered directly by staff, remotely by a business partner, or through a web-enabled application?
Which of the following is a control that is used mainly to check the integrity of data entered into a business application, whether the data is entered directly by staff, remotely by a business partner, or through a web-enabled application?A . General IT control. B. Processing control. C. Input control...
Which of the following competencies is the engagement supervisor demonstrating?
Prior to commencing a financial compliance engagement, the engagement supervisor reads the business plan for the finance department and meets informally with the director to learn more about any key issues. Which of the following competencies is the engagement supervisor demonstrating?A . The ability to inspire trust B. The ability...
Which of the following controls would be most useful to prevent an employee from using the organization's funds for inappropriate expenditures and falsifying financial records to conceal the fraud?
Which of the following controls would be most useful to prevent an employee from using the organization's funds for inappropriate expenditures and falsifying financial records to conceal the fraud?A . Segregating duties in the payroll processes. B. Confirming receipt of goods or services. C. Performing background checks on newly hired...
Which of the following would best help the organization manage the risk of fraud?
An organization allows the same individuals to physical access inventory and purchase new assets when supplies are depleted. Which of the following would best help the organization manage the risk of fraud?A . Accounting personnel should regularly perform reconciliation between invoices and purchase orders B. Accounting personnel should conduct a...
With regard to the internal audit activity's quality assurance and improvement program, which of the following must be reported to the board?
With regard to the internal audit activity's quality assurance and improvement program, which of the following must be reported to the board?A . A statement of independence of the organization's internal auditors. B. Meeting minutes with the assessment team, if key risks were identified and discussed. C. Frequency of the...
Which of the following is the most appropriate consideration during this process?
A new internal audit activity is considering the adoption of a risk and control framework. Which of the following is the most appropriate consideration during this process?A . The framework should not be developed by the internal audit activity B. The framework should apply to individual projects rather than the...
Which of the following organizational practices is likely to be a part of a corporate social responsibility program?
Which of the following organizational practices is likely to be a part of a corporate social responsibility program?A . A mining company practices backfilling and planting trees after mining within an area. B. A construction company ensures that its workers are paid at the regulated minimum wage. C. A foods...
Which of the following would best describe a control implemented to detect cash register disbursement fraud in a large retail store?
Which of the following would best describe a control implemented to detect cash register disbursement fraud in a large retail store?A . Separate the duties of processing and authorizing refunds on merchandise B. Post signs in the register area prompting customers to ask for and examine their sales receipts C....
Given management's discovery, which of the following statements is valid?
An internal audit of warehouse inventory revealed no material deficiencies. However, management later discovered fraud, which occurred during the period that was audited, and determined that a major control deficiency allowed the fraud to occur. Given management's discovery, which of the following statements is valid?A . The internal auditors violated...
With regard to the internal audit activity's quality assurance and improvement program, which of the following topics would the chief audit executive include on the quarterly board meeting agenda?
With regard to the internal audit activity's quality assurance and improvement program, which of the following topics would the chief audit executive include on the quarterly board meeting agenda?A . The scope and frequency of both internal and external quality assessments. B. The list of audit engagements that will be...
