Question: 1
Many questionnaires are made up of a series of different questions that use the same response categories (for example strongly agree, agree, neither, disagree, strongly disagree). Some designs will have different groups of respondents Answer: alternate versions of the questionnaire that present the questions in different orders and reverse the orientation of the endpoints of the scale (for example agree on the right and disagree on the left). The purpose of such questionnaire variations is to
Question: 2
A limitation of using ratio analysis in an audit engagement is that it
Question: 3
If cost estimates in an economic order quantity (EOQ) model are varied to determine how much the changes affect the optimal EOQ, such analysis would be called a
Question: 4
Which of the following are reasons to involve employees in the control self assessment process?
i. Employees become more motivated to do their jobs correctly.
ii. Employees are objective about their jobs.
iii. Employees can provide an independent assessment of internal controls.
IV. Employees provide management with valuable information.
Question: 5
An auditor has been assigned to audit the computerized inventory records as part of an audit of production activities. It would be most appropriate to use a generalized audit software package to
