Question 351

Which of the following control methods is effective in reducing the risk of purchasing-scheme fraud?
Periodically reviewing the vendor list for unusual vendors and addresses.
Segregating duties for amount purchasing, receiving, shipping, and accounting.
Validating sequential integrity of purchase orders.
Verifying the validity of invoices with post office box addresses.
  • Question 352

    An internal auditor in a busy internal audit activity reviews her continuing professional development records toward the end of the year and is concerned to find she has undertaken limited training and formal professional development. Which of the following actions is the most appropriate for her to take?
  • Question 353

    The chief audit executive (CAE) of a large organization has been asked by the board to assume responsibility for risk management and compliance operations, both of which are distinct departments within the organization and are subject to periodic audits by the internal audit activity In regards to future audits of these functions which of the following approaches would be most appropriate?
  • Question 354

    Which of the following statements is most accurate with respect to the required elements of the quality assurance and improvement program?
  • Question 355

    Which of the following are acceptable resources for a chief audit executive to use when
    developing a staffing plan?
    1.Co-sourcing arrangements.
    2.Employees from other areas of the organization.
    3.The organization's external auditors.
    4.The organization's audit committee members.