- All Exams Instant Download
Which of the following does not need to be defined in the internal audit charter?
Which of the following does not need to be defined in the internal audit charter?A . The audit engagements to be performed during the upcoming year.B . The internal audit activity's position within the organization.C . The scope of internal audit activities.D . Management and the board of directors' agreement...
Which control should an internal auditor suggest in order to ensure that the table is updated correctly, and is used only for valid pay changes?
An organization has implemented a new automated payroll system that contains a table of pay rates that are matched to employee job classifications. Which control should an internal auditor suggest in order to ensure that the table is updated correctly, and is used only for valid pay changes?A . Restrict...
In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers’ accounts?
In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers’ accounts?A . Invoices are not being mailed to customers.B . An employee is tampering with customer checks.C . Employees are submitting fraudulent expense reports.D . The...
Which of the following would be considered a preventive control?
Which of the following would be considered a preventive control?A . A library control log.B . A review of exception reports.C . A password lock on a server.D . A software scan of financial records for irregularities.View AnswerAnswer: C
Which of the following steps should the auditor pursue if he discovers unexpected deviations of actual results from budget?
During an engagement, an internal auditor decided to use variance analysis as an auditing techniques. Which of the following steps should the auditor pursue if he discovers unexpected deviations of actual results from budget?A . Report the deviations immediately to the audit committee.B . Gather additional information to determine the...
Which of the following conditions is the most likely indicator of fraud?
Which of the following conditions is the most likely indicator of fraud?A . Commissions are paid based on verified increases to sales.B . Departmental reports are consistently issued in an untimely manner.C . A manager regularly assumes subordinates' duties.D . Lower earnings occur during the industry's down cycle.View AnswerAnswer: C
End user security is inadvertently granted to an unauthorized individual by management.
End user security is inadvertently granted to an unauthorized individual by management.A . 1 and 3.B . 1 and 4.C . 2 and 3.D . 2 and 4.View AnswerAnswer: D
Which of the following does not need to be defined in the internal audit charter?
Which of the following does not need to be defined in the internal audit charter?A . The audit engagements to be performed during the upcoming year.B . The internal audit activity's position within the organization.C . The scope of internal audit activities.D . Management and the board of directors' agreement...
Which statement regarding acceptance of the money is correct?
The director of purchasing, a certified internal auditor (CIA), signs a contract to procure a large order from a supplier whose products provide the best price, quality, and performance. A few days after signing the contract, the supplier presents the CIA with $1, 000 as a gift. Which statement regarding...
They can rely on evidence taken from the work of other assurance activities across the organization.
They can rely on evidence taken from the work of other assurance activities across the organization.A . 1 and 2.B . 1 and 3.C . 2 and 3.D . 3 and 4.View AnswerAnswer: C
