Question: 1
To determine if a new computer system is improving the use of a manufacturer's limited facilities in serving the largest number of customers, an auditor should compare:
Question: 2
Auditors 1, 2, and 3 work out of various offices. Each must be assigned to one, and only one, of three audit locations (A, B, or C). The cost of sending each auditor to each location is listed below:
Audit Locations
Auditor 1
$200
$300
$400
Auditor 2
$400
$300
$600
Auditor 3
$200
$200
$500
The minimum cost with which this assignment can be accomplished is:
Question: 3
A. In developing an appropriate work program for an audit engagement, the most important factor for an audit supervisor to consider is the:
Question: 4
An internal quality assessment of the internal audit activity should provide the chief audit executive with:
Question: 5
In the annual audit of the financial statements of a company with high inherent risk and a very strong control system, the external auditor may be able to allow detection risk to rise because:
