IIA IIA-CIA-Part2 Quiz 139 Topic 4 Questions 691-695

Question: 1

The primary purpose of an internal auditor's working papers is to

AProvide documentation of the planning and execution of engagement procedures performed.

BServe as a means with which to prepare the financial statements.

CDocument weaknesses in internal control with recommendations to management for improvement.

DComply with the Standards.

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Question: 2

The internal auditor prepares working papers primarily for the benefit of

AThe external auditor.

BThe internal audit activity.

CThe engagement client.

DSenior management.

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Question: 3

Which of the following is the most important if working papers are to have the characteristics that will ensure that they achieve their primary purposes?

AWorking papers must be of standard format and standard content.

BWorking papers must be properly indexed and cross-referenced to the draft final engagement communication.

CWorking papers must provide sufficient, reliable, and useful information to support the engagement results.

DWorking papers must be arranged in logical order following the engagement work program sequence.

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Question: 4

The primary purpose of an engagement working paper prepared in connection with payroll expense is to

ARecord payroll data and analyses to support reported recommendations.

BVerify the work done by the internal auditor.

CRecord the names of all employees.

DProvide documentation to support payroll taxes due.

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Question: 5

An adequately documented working paper should

ABe concise but complete.

BFollow a unique form and arrangement.

CContain examples of all forms and procedures used by the engagement client.

DNot contain copies of engagement client records.

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IIA IIA-CIA-Part2 Quiz:139 Topic:4 Questions:691-695