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Q: 11
An internal auditor used a risk and control matrix to prepare a work program for testing a software release. During the engagement planning stage, he tested the design of the release procedure as a key control and concluded that the control was not designed well. During the performance stage, he tested the operation of this control and concluded that it was implemented as designed. Which of the following statements is true regarding this scenario?
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Q: 12
Which of the following engagements is likely to be most appropriate for an organization that is planning an acquisition?
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Q: 13
An audit reveals that a manager's spouse is receiving paychecks, but is not employed by the organization. According to IIA guidance, which of the following actions should the internal auditor take?
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Q: 14
According to the Standards, which of the following is true regarding the auditor's inclusion of management's satisfactory performance in the final audit report?
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Q: 15
Flowcharts are useful during audit planning because they contain information that may help internal auditors with which of the following?
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Q: 16
Internal audit staff lacks the expertise to perform a fraud investigation engagement stemming from a whistleblowing incident. Which of the following is the most appropriate option for the chief audit executive?
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Q: 17
Which of the following is an example of a compliance assurance engagement?
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Q: 18
Following an audit, management developed an action plan to improve controls over the handling of scrap metal. Which of the following would be the most appropriate course of action for the auditor to follow up?
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Q: 19
Which of the following represents a ratio that measures short term debt-paying ability?
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Q: 20
Which of the following would most likely form part of the engagement scope?
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Question 11 of 20 · Page 2 / 2

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