Question: 1
During a fraud investigation, an internal auditor finds that one of the suspects is the senior executive to whom fraudulent activities are to be reported. Would it be appropriate for the internal auditor to report interim findings directly to the audit committee without notifying the senior executive?
Question: 2
Which of the following is correct with respect to interim communication during an audit engagement?
i. Unsubstantiated information that warrants management's attention can be communicated, provided that its nature is disclosed.
ii. Audit recommendations should be reserved for the final audit report.
iii. Significant findings should be communicated immediately rather than waiting until completion of the engagement.
Question: 3
The use of probability proportional to size (PPS) sampling is not efficient if
Question: 4
Which of the following must be true when using regression analysis involving three variables?
Question: 5
Which of the following is an advantage of nonstatistical sampling over statistical sampling?
