IIA IIA-CIA-Part2 Quiz 164 Topic 9 Questions 816-820

Question: 1

How often is appraisal of each internal auditor's performance required?

AAt least every 3 years.

BAt least every year.

CAt least every 6 months.

DAt least every 18 years.

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Question: 2

While performing an engagement relating to an organization's cash controls, the internal auditor observed that cash deposits are not deposited intact daily. A comparison of a sample of cash receipts lists revealed that each cash receipt list equaled cash journal entry amounts but not daily bank deposits amounts, and cash receipts list totals equaled bank deposit totals in the long run. This information as support for the internal auditor's observations is

ASufficient but not reliable or relevant.

BSufficient, reliable, and relevant.

CNot sufficient, reliable, or relevant.

DRelevant but not sufficient or reliable.

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Question: 3

Management is investigating the acquisition of an upgraded version of the existing clientserver system to increase the system's capacity. Management has requested that the internal auditor perform an operational engagement to determine the efficiency of the existing computer processing resource. What is the most relevant source of information to meet the engagement objective?

AA survey of current user satisfaction.

BA review of computer job log records, listings of scheduled jobs, and computer downtime.

CA comparison of server capacity with desktop computer capacity.

DA detailed analysis of hard drive growth over the last 3 years.

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Question: 4

The most likely source of information indicating employee theft of inventory is

APhysical inspection of the condition of inventory items on hand.

BA warehouse employee's verbal charge of theft.

CDifferences between an inventory count and perpetual inventory records.

DAccounts payable transactions vouched to inventory receiving reports.

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Question: 5

To verify the proper value of costs charged to real property records for improvements to the property, the best source of information is

AInspection by the internal auditor of real property improvements.

BA letter signed by the real property manager asserting the propriety of costs incurred.

COriginal invoices supporting entries into the accounting records.

DComparison of billed amounts with contract estimates.

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IIA IIA-CIA-Part2 Quiz:164 Topic:9 Questions:816-820