IIA IIA-CIA-Part2 Quiz 53 Topic 9 Questions 261-265

Question: 1

The internal auditor's opinion in terms of due professional care should be:

ALimited to the effectiveness of internal controls.

BExpressed only when consensus with top management has been achieved.

CBased on experience and free of all bias.

DBased on sufficient factual evidence.

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Question: 2

Which of the following types of contracts would provide the least incentive for a contractor to achieve economy and efficiency?

ALump-sum contract.

BCost-plus contract.

CUnit-price contract.

DIndefinite delivery contract.

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Question: 3

Which of the following best describes the primary concern of the audit manager upon review of engagement working papers of an auditor?

ATo ensure adequate control over the custody of working papers is exercised by the auditor.

BTo ensure that as part of the documentation the auditor collected original documents that can corroborate the audit findings.

CTo ensure that the work papers create background for subsequent reviews.

DTo ensure that the audit programs are followed by the auditor.

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Question: 4

Information gathered in a forensic investigation of business fraud is usually gathered with which of the following standards in mind?

AGenerally Accepted Auditing Standards.

BGenerally Accepted Accounting Principles.

CThe International Professional Practices Framework.

DLegal evidence.

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Question: 5

Which of the following is most appropriate when conducting an interview during the course of a fraud investigation?

ASchedule the interview well in advance.

BExplain the detailed purpose to the interviewee.

CAssume that the interviewee is guilty.

DHave a witness present during the interview.

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IIA IIA-CIA-Part2 Quiz:53 Topic:9 Questions:261-265