Question 306

According to IIA guidance, which of the following are macro-level audit activities performed for an assurance engagement of the purchasing department?
1. Obtain and review all purchasing-related audit reports issued within the past year.
2. Meet with the quality assurance group to discuss its previous reports of any purchasing-related findings.
3. Review a memo written by the purchasing manager that outlines ongoing problems with the purchasing software.
4. Request a copy of the report from a purchasing audit conducted last year by an external service provider.
  • Question 307

    In which of the following scenarios would the chief audit executive (CAE) be required to decline the assignment?
  • Question 308

    According to IIA guidance,which of the following statements is true regarding the reporting of results from a quality assurance and improvement program review of the internal audit activity?
  • Question 309

    While performing an accounts payable engagement,a senior auditor wants to conduct several tests of controls for travel expenses. Which of the following actions are most appropriate for the senior auditor to undertake?
    1.Ensure all tests use a random sampling technique. 2.Consider a judgmental approach for the sample size. 3.Assess testing errors through root cause analysis. 4.Ensure that the entire data set is tested.
  • Question 310

    An external quality assurance review which was authorized by the chief audit executive (CAE) indicated significant findings from the Standards. To whom should the final results of the quality assurance review be reported?