IIA IIA-CIA-Part2 Quiz 137 Topic 8 Questions 681-685

Question: 1

An internal auditing manager is reviewing the engagement working papers prepared by the staff. Which of the following review comments is true?

AEach working paper should include the actual and the budgeted times related to such engagement work.

BIncluding copies of all the forms and directives of the engagement client constitutes over-documentation.

CConclusions need not be documented in the working papers when the engagement objectives are achieved.

DEach working paper should include a statement regarding the engagement client's cooperation.

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Question: 2

Which of the following is an unnecessary feature of a working paper prepared in

connection with maintenance costs?

AThe internal auditor has initialed and dated the working paper as of the date completed even though the working paper was prepared over the preceding 4 working days.

BTotal repair expense for the month preceding the engagement is shown.

CThe chief audit executive has initialed the working paper as reviewer although the working paper was prepared by another person.

DTotal acquisition cost of property, plant, and equipment for the preceding month is shown.

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Question: 3

When performing an engagement to evaluate the computerized purchasing activities of a manufacturing organization, which of the following should be included in the permanent file portion of the engagement working papers?

ACopies of the computer program documentation.

BPrintouts using internal auditor-prepared programs and test data.

CPrior year's working papers revised to reflect changes during the current year.

DInformation concerning administrative controls over the computer operations at each location.

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Question: 4

Each individual working paper should, at a minimum, contain a(n)

AExpression of the internal auditor's overall opinion.

BTick mark legend.

CComplete flowchart of the system of internal controls for the area being reviewed.

DDescriptive heading.

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Question: 5

The chief audit executive establishes policies for

AStandardized working papers.

BDefining the hours available for individual engagements.

CDefining standardized tick marks and ensuring compliance with them.

DEnsuring the written documentation of all conversations held throughout the engagement.

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IIA IIA-CIA-Part2 Quiz:137 Topic:8 Questions:681-685