Question 71

An organization that outsources much of its internal audit work to an external service provider is planning for an external quality assessment. Which of the following options would accomplish this task and be in conformance with the Standards?
  • Question 72

    An internal auditor prepared a workpaper that consisted of a list of employee names and identification numbers as well as the following statement:
    "A statistical sample of 40 employee personnel files was selected to verify that they contain all documents required by company policy 501 (copy attached). No exceptions were noted." The auditor did not place any audit verification symbols on this workpaper.
    Which of the following changes would most improve the auditor's workpaper?
  • Question 73

    An internal auditor used a questionnaire during an interview to gather information about the nature of credit sales processing. The questionnaire did not cover some pertinent information offered by the person being interviewed, and the auditor did not document the potential problems for further investigation. The primary deficiency with the above process is that:
  • Question 74

    A chief audit executive (CAE) submits internal audit activity (IAA) plans and information about significant interim changes to senior management and the board for review. Which other piece of information should the CAE provide to senior management and the board?
  • Question 75

    Which of the following is considered a common red flag indicator in helping to uncover fraud?