Question 61

In a client satisfaction survey for an internal audit engagement, client management should be asked to assess which of the following factors?
1. Audit team's knowledge of the audited area.
2. Usefulness of the audit results.
3. Quality of management of the internal audit activity.
4. Clarity of the scope and objectives of the audit engagement.
  • Question 62

    Which of the following audit steps would be most effective to review proper recording of and accountability over physical assets?
    I. Physically inspect all assets on the organization's property.
    II. Select a sample department and physically inspect assets in the department.
    III. Select a sample from the organization's records of physical assets and physically locate each asset.
    IV.
    Identify assets at a sample of locations and trace to the organization's records.
  • Question 63

    According to IIA guidance, which of the following are potential benefits of using an assurance map?
  • Question 64

    An internal auditor is conducting an assessment of the purchasing department. She has worked the full amount of hours budgeted for the engagement; however, the audit objectives are not yet complete.
    According to IIA guidance, which of the following are appropriate options available to the chief audit executive?
    1. Allow the auditor to decide whether to extend the audit engagement.
    2. Determine whether the work already completed is sufficient to conclude the engagement.
    3. Provide the auditor feedback on areas of improvement for future engagements.
    4. Provide the auditor with instructions and directions to complete the audit.
  • Question 65

    Acceding to MA guidance, when of the Mowing strategies would like provide the most assurance to the chief audit executive (CAE) that the internal audit activity's recommendations are being acted upon?