Which of the following types of tests would be the most persuasive if an internal auditor wanted assurance of the existence of inventory stored in a warehouse?
During an audit of sales representatives’ travel expenses, it was discovered that 152 of 200 travel advances issued to sales representatives in the past year exceeded the prescribed maximum amount allowed.
Which of the following statements is a justifiable audit opinion?
In addition to controls over access, processing, program changes, and other functions, a computerized system needs to establish an audit trail of information.
Which of the following information would generally not be included in an audit trail log designed to summaries unauthorized system access attempts?
Experience has shown that certain conditions in an organization are symptoms of possible management fraud.
Which of the following conditions would not be considered as an indicator of possible fraud?
Which of the following techniques is best for emphasizing a point in a written communication?
Which of the following audit committee activities would be of the greatest benefit to the internal auditing department?
Which of the following is an example of intimidation threat to independence of the auditor?
To identify shortages of specific items in an inventory of expensive goods held for retail sale, the most appropriate audit work step is to
The following are potential sources of evidence regarding the effectiveness of the division's total quality management program. Assume that, all comparisons are for similar time periods and duration and current items are compared with similar items before the implementation of the total quality management program.
The least persuasive evidence would be a comparison of
The internal audit activity evaluates and contributes to the improvement of risk management, control, and governance systems. Which of the following statements is associated with the improvement of governance?
Which of the following is a particular activity of internal audit function?
What evidence is appropriate to determine that recorded purchase transactions were valid and at the best price?