Question: 1
Assuming that a high degree of security is needed, which of the following potential sources of information will also be relevant to the internal auditor's assessment of whether the governmental unit is being charged for computer security that exceeds the entity's needs?
i. Comparison of the security system with best practices implemented for similar systems
ii. Comparison of the security system with recent publications on state-of-the-art systems
iii. Tests of the functionality of the security system
Question: 2
An internal auditor notes that production is often stopped or hampered because raw materials inventory is not present when needed. Which of the following statements are true based on this information alone?
i. The internal auditor should investigate the quality of communication between
production planners and purchasing agents.
ii. The internal auditor should recommend that management implement an economic
order quantity (EOQ) model to better manage inventory and meet production needs.
iii. The internal auditor should attempt to quantify the costs to the organization related to
this problem.
Question: 3
Which of the following procedures is the most valuable in an engagement involving the traffic department operations of a large manufacturer?
Question: 4
Senior management of an entity has requested that the internal audit activity provide ongoing internal control training for all managerial personnel. This is best addressed by a(n)
Question: 5
The internal auditor should decline to perform which of the following types of consulting engagements?
