Question: 1
Which of the following issues could be identified through observation without corroborative evidence?
i. Indicators of security or safety violations.
ii. Significant production output differences during the previous year.
iii. A backlog indicated by large amounts of unprocessed paperwork.
IV. Workflow procedures that are not logical and may unnecessarily add work to the process.
Question: 2
In what order should the following actions be taken by an internal auditor when planning to analyze data using computer assisted audit techniques?
i. Define the procedures to be undertaken.
ii. Define the output requirements.
iii. Set the objectives.
IV. Obtain access to appropriate data.
A III, II, I, IV.
B II, III, IV, I.
C III, IV, I, II.
D IV, III, II, I.
Answer : A
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Question: 3
A fire destroyed a large portion of an organization's inventory. Should management be permitted to use the internal auditors' workpapers to file an insurance claim as a result of the fire?
Question: 4
In which of the following situations should internal auditors report fraud to senior management and the board?
Question: 5
A chief audit executive (CAE) of a major retailer has engaged an independent firm of information security specialists to perform specialized internal audit activities. The CAE can rely on the specialists' work only if it is
