Question: 1
Which of the following audit steps would be most effective to review proper recording of and accountability over physical assets?
I . Physically inspect all assets on the organization's property.
II . Select a sample department and physically inspect assets in the department.
III . Select a sample from the organization's records of physical assets and physically locate each asset.
IV . Identify assets at a sample of locations and trace to the organization's records.
Question: 2
Which of the following factors would increase the confidence level in a variables sampling plan?
I . A larger sample size.
II . A stratified sample.
III . A larger standard deviation.
Question: 3
Which of the following factors could interfere with effective problem solving by an internal auditor?
I . Reacting to previous experiences with clients.
II . Focusing only on the most likely cause.
III . Correcting the symptoms of problems.
Question: 4
At the conclusion of an audit of an organization's treasury department, a report was issued to the treasurer, chief financial officer, president, and board. Because of the sensitivity of some findings, a follow-up review was performed. The auditor should provide the report of follow-up findings to the.
I . Treasurer.
II . Chief financial officer.
III . President.
IV . Board.
Question: 5
During a systems development audit, software developers indicated that all programs were moved from the development environment to the production environment and then tested in the production environment. What should the auditor recommend?
I . Implement a test environment to ensure that testing is not performed in the production environment.
II . Require developers to move modified programs from the development environment to the test environment and from the test environment to the production environment.
III . Eliminate access by developers to the production environment.
