IIA IIA-CIA-Part1 Quiz 114 Topic 8 Questions 566-570

Question: 1

Which of the following would be the most useful in developing an annual audit plan?

AGeneral purpose audit software.

BVoting software and hardware.

CFlowcharting and data capture software.

DRisk assessment software.

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Question: 2

Which of the following is not an appropriate control related to sales in a manufacturing company?

ACustomers' orders are recorded promptly.

BGoods shipped are matched with valid customer orders.

CGoods returned are inspected for damage by the sales department and then entered into inventory.

DCredit department approval is required for credit sales transactions.

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Question: 3

Inadequate risk assessment would have the strongest negative impact in which of the following phases of an audit engagement?

ADetermining the scope.

BReviewing internal controls.

CTesting.

DEvaluating findings.

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Question: 4

In order to exercise due professional care as defined in the International Professional Practices Framework, an internal auditor should:

I . Consider the probability of significant noncompliance in each audit engagement.

II . Perform assurance procedures with sufficient care to ensure that all risks are identified.

III . Weigh the cost of assurance against the benefits.

AI and II only

BI and III only

CII and III only

DI, II, and III.

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Question: 5

In developing an appropriate work program for an audit engagement, the most important factor for an audit supervisor to consider is the:

AAvailability of records and data.

BPotential impact of risks.

CCapabilities of audit personnel.

DTime required to complete the engagement.

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IIA IIA-CIA-Part1 Quiz:114 Topic:8 Questions:566-570