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How should tie internal auditor respond?
An internal auditor is analyzing sates records and is concerned whether a transaction is recorded in the coned period. The accounting manager explains that the external auditor approved the records and produces an email from the external audit team leader. How should tie internal auditor respond?A . Ask the external...
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?
Acceding to IIA guidance, when of the Mowing is an assurance service commonly performed by the internal audit activity?A . Proposing fine item recommendation lot the annual financial budget of the accounting departmentB . Making recommendations regarding financial approval authority limits for the operations departmentC . Validating whether employees are...
Which of the following manual audit approaches describes testing the validity of a document by following it backward to a previously prepared record?
Which of the following manual audit approaches describes testing the validity of a document by following it backward to a previously prepared record?A . TracingB . ReperformanceC . VouchingD . WalkthroughView AnswerAnswer: C
Which of the following describes the control objective likely being tested?
An internal auditor uses a data query tool in the purchasing process to review the vendor master file for authorizations. Which of the following describes the control objective likely being tested?A . EffectivenessB . ResponseC . EfficiencyD . Mitigation.View AnswerAnswer: A
According to HA guidance, the chief audit executive is directly responsible for which of the following?
According to HA guidance, the chief audit executive is directly responsible for which of the following?A . Maintaining a quality assurance program even in the absence of management supportB . Periodically reviewing and approving the internal audit charierC . Providing opportunities for all staff auditors to satisfy their professional development...
According to HA guidance, the chief audit executive is directly responsible for which of the following?
According to HA guidance, the chief audit executive is directly responsible for which of the following?A . Maintaining a quality assurance program even in the absence of management supportB . Periodically reviewing and approving the internal audit charierC . Providing opportunities for all staff auditors to satisfy their professional development...
Which of the following is most likely to be a disadvantage of this outsourcing decision?
After the team member who specialized in fraud investigations left the internal audit team, the chief audit executive decided to outsource fraud investigations to a third party service provider on an as needed basis. Which of the following is most likely to be a disadvantage of this outsourcing decision?A ....
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...
Which of the following is the primary reason the chief audit executive should consider the organization's strategic plans when developing the annual audit plan?
Which of the following is the primary reason the chief audit executive should consider the organization's strategic plans when developing the annual audit plan?A . Strategic plans reflect the organization's business objectives and overall attitude toward risk.B . Strategic plans are helpful to identify major areas of activity, which may...
The amount of fuel purchased.
The amount of fuel purchased.A . 1 and 2B . 1 and 4C . 2 and 3D . 3 and 4View AnswerAnswer: C
