Exam (elaborations)
Internal Audit- CIA 2 SU 6 (1
- Course
- CISA - Chapter 1
- Institution
- CISA - Chapter 1
Internal Audit- CIA 2 SU 6 (1
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Internal Audit- CIA 2 SU 6During an engagement involving the receiving section of the purchasing division, the
internal auditor discovers that a receiving problem might be the result of procedures
followed in the procurement section. The internal audit activity's management agrees
that the internal auditor should extend the engagement, on a limited scale, into the
procurement section. According to the Standards, which device should be used to
communicate the change in engagement scope to the engagement client? - ANS-
You are conducting an engagement to evaluate the organization's marketing effort. You
agreed to keep the marketing vice president informed of your progress on a regular
basis. What method should be used for those progress reports? - ANS-
Which of the following is false with respect to the use of interim engagement
communications? Interim engagement communications - ANS-
As an internal auditor for a multinational chemical producer, you have been assigned to
an engagement at a local plant. This plant is similar in age, siting, and construction to
two other plants owned by the same organization that have been recently cited for
discharge of hazardous wastes. In addition, you are aware that chemicals manufactured
at the plant release toxic by-products. Assume that you have evidence that the plant is
discharging hazardous wastes. As a certified internal auditor, what is the appropriate
communication requirement in this situation? - ANS-
Internal audit activity policy requires that final engagement communications not be
issued without a management response. An engagement with significant observations
is complete except for management's response. Evaluate the following courses of
action and select the best alternative. - ANS-
Engagement field work has identified a number of significant observations. Additional
tests from the original engagement work program still have to be performed, but data
are not readily available. Evaluate the following and select the best alternative. - ANS-
An internal audit activity is conducting an engagement to evaluate the payroll and
accounts receivable departments. Significant problems related to the approval of
overtime have been noted. While the engagement is still in process, which of the
following engagement communications is appropriate? - ANS-
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