Question: 1
During an interview with a manager in a company's claims department, an auditor noted that the manager became nervous and changed the subject whenever the auditor raised questions about certain types of claims. The manager's answers were consistent with company policies and procedures. When documenting the interview, the auditor should
Question: 2
According to the International Professional Practices Framework, all workpapers prepared by an internal auditor are the property of the
Question: 3
An audit supervisor returned a workpaper to an auditor with a request to document the tickmarks used in testing. The supervisory review found errors in the area of workpaper
Question: 4
According to the International Professional Practices Framework, which of the following is an appropriate reason for issuing an interim report?
i. To keep management informed of audit progress when audit engagements extend over a long period of time.
ii. To provide an alternative to a final report for limited scope audit engagements.
iii. To communicate a change in engagement scope for the activity under review.
Question: 5
A medium-sized municipality provides 8.5 billion gallons of water per year for 31,000 customers. The water meters are replaced at least every five years to ensure accurate billing. The department recently issued the following activity report
Activity
Month One
Month Two
Month Three
Actual 1st Quarter
1st Quarter Goal
Meters replaced
475
400
360
1,235
1,425
Leaks reported
100
100
85
285
Leaks repaired
100
100
85
285
100%
Based on the activity reported for leaks repaired during the first quarter, an internal auditor would conclude that
