IIA IIA-CIA-Part2 Quiz 199 Topic 8 Questions 991-995

Question: 1

Which of the following would provide the least assurance about the operating effectiveness of an internal control?

AInterviews with the client's personnel

BAnalysis of system flowcharts

CObservation of the client's processes

DInspection of documents and reports

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Question: 2

Which of the following statements regarding the review of workpapers is correct?

AEngagement workpapers should be approved by the client after completion.

BWorkpapers that pertain to legal issues should be reviewed to ensure that all audit opinions and details are recorded.

CWorkpaper review notes should be retained for all engagements.

DWorkpapers should be initialed and dated by the reviewer as evidence of supervisory review.

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Question: 3

Which of the following methods of data collection would be most appropriate to use in identifying hypotheses that can be tested on a larger scale?

ACase study

BSampling

CEvaluation synthesis

DModeling

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Question: 4

Which of the following stakeholder groups is least likely to be involved in the development of an organization's performance scorecard?

ASenior managers

BDistributors

CMiddle managers

DLabor union representatives

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Question: 5

An auditor conducts a consulting engagement that involves analysis and measurement of key outputs against those of best organizations as well as identification of key actions that contribute to the performance differences. What type of engagement does this represent?

AAssurance

BCompliance

CDue diligence

DTotal quality management

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IIA IIA-CIA-Part2 Quiz:199 Topic:8 Questions:991-995