IIA IIA-CIA-Part2 Quiz 135 Topic 5 Questions 671-675

Question: 1

This working paper will be considered deficient if which other relevant engagement working paper is not cross-referenced and included in the cash section of the workingpaper file?

APetty cash count.

BConfirmation of cash balance with bank.

CCopies of deposit slips for deposits in transit.

DEngagement client representation that the cash balance per books was accurate.

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Question: 2

A deficiency in this working paper is that

AA standardized cash reconciliation working paper was not used.

BAll verification symbols were not properly explained.

CAnalytical review procedures were not performed.

DCross-referencing of working papers was not accomplished.

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Question: 3

During the working-paper review, an internal auditing supervisor finds that the internal auditor's observations are not adequately cross-referenced to supporting documentation. The supervisor will most likely instruct the internal auditor to

APrepare a working paper to indicate that the full scope of the engagement was carried out.

BFamiliarize him/herself with the sequence of working papers so that (s)he will be able to answer questions about the conclusions stated in the final engagement communication.

CEliminate any cross-references to other working papers because the system is unclear.

DProvide a cross-referencing system that shows the relationship among observations, conclusions, recommendations, and the related facts.

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Question: 4

Engagement working papers are reviewed to ensure that

AThey are properly cross-referenced to the engagement communications.

BNo issues are open at the conclusion of the fieldwork.

CThey meet or exceed the work standards of the organization's external auditors.

DThey are properly referenced for easy follow-up within the next year.

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Question: 5

An internal auditor's working papers should be reviewed by the

AManagement of the engagement client.

BManagement of the internal audit activity.

CAudit committee of the board.

DManagement of the organization's security division.

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IIA IIA-CIA-Part2 Quiz:135 Topic:5 Questions:671-675