Qualified Internal Auditor v6.0

Which of the following is not a stage of risk management process?

The auditor wants to understand the actual flow of data regarding cash processing. The most convincing evidence would be obtained by

The internal audit activity evaluates and contributes to the improvement of risk management, control, and governance systems. Which of the following statements is associated with the improvement of governance?

Which technique is most appropriate for testing the quality of the pre-audit of payment vouchers described in an internal control questionnaire (ICQ)?

Which of the following documents would provide the most persuasive evidence concerning the existence and valuation of a receivable?

What evidence is appropriate to determine that recorded purchase transactions were valid and at the best price?

Which of the following tests can help the auditor to evaluate the adequacy of the company's allowance for doubtful accounts?

In an audit of the procurement system, which of the following procedures would an auditor perform to determine whether competitive bidding procedures were adequate?
I. Bids are solicited based on properly approved requests.
II. A sufficient number of vendors were selected to ensure competition.
III. Incoming bids are first returned to the buyer for control purposes.

During an interview with a data input clerk to discuss acomputerizedsystem used to track employee training requirements and compliance, an auditor identifies a potentially significant weakness in the system.

The auditor should -

Working papers serve the following purpose for the internal auditor:

Which of the following statements conveys negative information in such a way that afavorableresponse from the auditee may still be achieved?

When making a presentation to management, the auditor wants to report findings and to stimulate action.
These objectives are best accomplished by

During an audit of sales representatives travel expenses, it was discovered that 152 of 200 travel advances issued to sales representatives in the past year exceeded the prescribed maximum amount allowed.
Which of the following statements is a justifiable audit opinion?

Due to the small number of staffs, one remote unit's petty cash custodian also had responsibility for the imprest fund checking account reconciliation. The cashier concealed a diversion of funds by altering the beginning balance on the monthly reconciliations sent to the group office.
A possible audit test to detect this would be to