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What would be the best way for the auditor to gather relevant feedback?
An internal auditor is preparing for an auditor of newly implemented software that is used by 3,000 employees in South America and Europe. What would be the best way for the auditor to gather relevant feedback?A . interview IT management in both regions B. Inspect regional user software training records...
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
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 support B. Periodically reviewing and approving the internal audit charier C. Providing opportunities for all staff auditors to satisfy their professional development...
Which of the following internal control attributes should internal auditors consider testing during a review of the board of directors?
Which of the following internal control attributes should internal auditors consider testing during a review of the board of directors?A . The presence of an independent critical mass B. The established philosophy and operating style of senior management C. The articulated internal control objectives of the organization D. The organization's...
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...
