Question 311
According to MA guidance, which of the following statements is true regarding internal auditors' use of technology-based techniques?
Question 312
An internal auditor has suspicions that some fictitious vendors have been created in the organization ' s computer system. Which of the following would be the best technique to detect this fraud?
Question 313
An internal auditor audited a department store's cash function. Which of the following actions would indicate a lack of due professional care by the auditor?
Question 314
According to the International Professional Practices Framework, internal auditors should possess which of the following competencies?
I. Proficiency in applying internal auditing standards, procedures, and techniques.
II. Proficiency in accounting principles and techniques.
III. An understanding of management principles.
IV. An understanding of the fundamentals of economics, commercial law, taxation, finance, and quantitative methods.
I. Proficiency in applying internal auditing standards, procedures, and techniques.
II. Proficiency in accounting principles and techniques.
III. An understanding of management principles.
IV. An understanding of the fundamentals of economics, commercial law, taxation, finance, and quantitative methods.
Question 315
During a review of a division's operations, an internal auditor notes that sales and customer base are unchanged, while inventory and gross margin have increased significantly. Which of the following audit procedures would be most relevant in substantiating management's assertion that the gross margin increase is due to increased efficiency in manufacturing operations?