Question: 1
In an audit test designed to determine if fictitious employees are on the payroll, evidence that all timecards are approved by the employee's immediate supervisor would meet which of the following evidence tests?
i. Sufficient.
ii. Competent.
iii. Relevant.
Question: 2
Which of the following statements is not true regarding audit fieldwork?
Question: 3
The purpose of a walk through of an audit client's processes is for an internal auditor to
Question: 4
A company has recently implemented an electronic commerce system for purchasing and billing, which relies heavily on electronic data interchange, electronic funds transfer, and just in time manufacturing technology. If the system was properly implemented, an auditor would expect to see all of the following changes except
Question: 5
While conducting a control self assessment project in an information technology division, an internal auditor asks managers to rate the severity of each identified risk and the strength of each related control. Which of the following represents the most significant disadvantage of this exercise?
