IIA IIA-CIA-Part1 Quiz 117 Topic 7 Questions 581-585

Question: 1

An audit of the quality control department is being planned. Which of the following would least likely be used in the preparation of a preliminary survey questionnaire?

AAn analysis of quality control documents.

BThe permanent audit file.

CThe prior audit report.

DManagement's charter for the quality control department.

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Question: 2

An objective for an audit of a medical research corporation is to evaluate management's controls to ensure that timely reports are submitted to sponsors of contracted research projects. In planning the audit to achieve this objective, the auditor should begin by:

AReviewing policies and procedures.

BInterviewing a group of research managers.

CObserving report preparation in a number of laboratories.

DSending a questionnaire to a sample of research sponsors.

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Question: 3

Which of the following internal control weaknesses would an auditor most likely detect while reviewing a flowchart that depicts the purchasing function of an organization?

APurchasing policies have not been updated.

BThe organization is not taking advantage of quantity discounts available from its suppliers.

CPayments for goods received have not been authorized at the appropriate level.

DPayments to suppliers are made before goods are received.

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Question: 4

Which source of audit evidence would provide the least value in flowcharting an organization's purchasing process?

AAn interview with the purchasing supervisor.

BA review of a sample of purchase orders which were completed during the last month.

CA review of the purchasing policies and procedures manual.

DA walk-through of the process with a member of the purchasing staff.

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Question: 5

Internal auditors exercise judgment about the type and amount of information to be collected. The primary purpose of this judgment is to:

AEliminate the risk of drawing incorrect conclusions.

BMinimize the cost of the audit engagement.

CComply with the Standards.

DProvide a sound basis for audit observations and recommendations.

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IIA IIA-CIA-Part1 Quiz:117 Topic:7 Questions:581-585