Who should approve the audit charter of an organization? - ANSWERSenior Management
What should the content of an audit charter be? - ANSWERThe scope, authority, and responsibilities of the audit function
What is the primary reason for the audit function directly reporting to the audit committ...
who should approve the audit charter of an organiz
what should the content of an audit charter be
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CISA Exam CORRECT 100%
Who should approve the audit charter of an organization? - ANSWERSenior
Management
What should the content of an audit charter be? - ANSWERThe scope, authority,
and responsibilities of the audit function
What is the primary reason for the audit function directly reporting to the audit
committee? - ANSWERThe audit function must be independent of the business
function and should have direct access to the audit committee of the board
what does the information systems audit provide? - ANSWERReasonable assurance
of coverage of material items
What is the prime reason for review of an organization chart? - ANSWERTo
understand the authority and responsibility of individuals
The actions of an IS auditor are primarily influenced by - ANSWERAudit Charter
Which document provides the overall authority for an auditor to perform an audit -
ANSWERAudit Charter
What is the first step of an audit project - ANSWERto develop an audit plan
What is the primary reason for a functional walkthrough? - ANSWERTo understand
the business process
What is the major concern in the absence of established audit objectives? -
ANSWERNot be able to determine key business risks
What is the primary objective for performing risk assessment prior to the audit -
ANSWERAllocate audit resources to areas of high risks
What is the step of the audit planning phase? - ANSWERConducting a risk
assessment to determine the areas of high risk
what is the objective of key verification control? - ANSWERKey verification is a
method where data is entered a second time and compared with the initial data entry
to ensure that the data entered is correct. this is generally used in EFT transactions,
where another employee re-enters the same data to perform this check before any
money is transferred
what is the objective of non-repudiation? - ANSWERNon-repudiation ensures that a
transaction is enforceable and that the claimed sender cannot later deny generating
and sending the message.
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