Which of the following is a disadvantage of using flowcharts during a risk assessment?
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Questions & Answers PDF
P-
A. People cannot quickly understand the processes via flowcharts
B. Flowcharts are not applicable for evaluating the design of controls
C. Some serious risks that are not part of the linear process can be missed
D. Flowcharts do not enable auditors to identify missing controls
C
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In which of the following situations would an internal control questionnaire best suit the internal
auditor's purpose?
D
Which of the following computerized audit tools or techniques should be used if the internal auditor
wants to extract specific files and records in the database?
C
Which of the following would present the most critical external risk to an organization?
D
A chief audit executive (CAE) reviews the supervision of an internal audit engagement Which of the
following would most likely assure the CAE that the engagement had adequate supervision?
C
Which of the following best describes how an internal auditor would use a flowchart during
engagement planning?
D
An internal audit manager is planning a contract compliance audit Which of the following should be
done prior to developing the audit work program?
C
Which of the following reasonably represents best practices regarding what should be the level of
internal audit resource investment in monitoring and following up on engagement outcomes?
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Questions & Answers PDF
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D
Which of the following statements concerning workpapers is the most accurate?
D
An internal auditor collected several employee testimonials Which of the following is the best action
for the internal auditor to take before drawing a conclusion?
C