IIA IIA-CIA-Part1 Quiz 40 Topic 7 Questions 196-200

Question: 1

During an engagement, an internal auditor decided to use variance analysis as an auditing techniques. Which of the following steps should the auditor pursue if he discovers unexpected deviations of actual results from budget?

AReport the deviations immediately to the audit committee.

BGather additional information to determine the cause of the deviations.

CConclude that the budget was unreasonably set and accept the deviations.

DPerform alternative forms of analytical procedures which provide no deviations.

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Question: 2

According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?

AIt increases the likelihood of obtaining the audit client's agreement with the results.

BIt ensures that an appropriate chain of evidence is maintained through the workpapers.

CIt helps ensure that appropriate professional judgments and conclusions are made.

DIt is required to demonstrate that effective engagement supervision has occurred.

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Question: 3

Which of the following audit techniques is used to evaluate control design while also embodying auditing's analytical process?

AA risk and control matrix.

BA flowchart.

CA walk-through.

DA process narrative.

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Question: 4

The internal audit supervisor is reviewing the workpapers prepared by the staff. According to the Standards, which of the following statements regarding workpaper supervision is not true?

AReview notes of questions that arise during the review process must be retained.

BDating and initialing each workpaper provides evidence of review.

CWorkpaper review allows for staff training and development.

DWorkpapers may be amended during the review process.

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Question: 5

An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. Which of the following methods would be most effective and efficient in completing this task?

AProcess mapping.

BInterviewing.

CMonitoring.

DDistributing questionnaires.

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IIA IIA-CIA-Part1 Quiz:40 Topic:7 Questions:196-200