Question 426
An audit of an organization's fulfillment department discovered that problems in the order processing system led to a significant number of orders being fulfilled multiple times. During the exit conference, the head of the department informed the auditors that the processing system would be enhanced within six months to correct the problems. Which course of action should the chief audit executive follow?
Question 427
Given the scarcity of internal audit resources, a chief audit executive (CAE) decides not to schedule a follow-up of audit recommendations when developing engagement work schedules. Why does the CAE's decision violate the Standards?
Question 428
An internal audit manager is supervising an engagement. A senior auditor deviates from the approved engagement plan but meets all deadlines in the approved time schedule. Which activity is not required for the audit manager to provide proper engagement supervision?
Question 429
Which of the following would most likely contribute to discrepancies between receiving reports and the number of units in a shipment?
Question 430
If an organization's chief audit executive wants to implement continuous auditing, what is the appropriate order in which key steps should be undertaken?
1. Identify business applications that require access.
2. Implement steps to continuously assess risks and controls.
3. Define objectives of continuous auditing.
4. Manage and report results.
1. Identify business applications that require access.
2. Implement steps to continuously assess risks and controls.
3. Define objectives of continuous auditing.
4. Manage and report results.