ACC 451- Chapter 9 Quiz (B) Questions and Answers Graded A+
Which of the following is not a responsibility of the CAE?
Select one:
a. To establish a risk-based plan to accomplish the objectives of the internal auditing activity consistent with the organization's goals
b. To communicate the inte...
Which of the following is not a responsibility of the CAE?
Select one:
a. To establish a risk-based plan to accomplish the objectives of the internal auditing
activity consistent with the organization's goals
b. To communicate the internal audit function's plans and resource requirements to
senior management and the board for review and approval
c. To oversee the establishment, administration, and assessment of the organization's
system of internal controls and risk management processes.
d. To follow up on whether appropriate management actions have been taken on
significant reported risks - answerC
When evaluating the independence of an internal audit activity, a quality assurance
review team performing an external assessment considers several factors. Which of the
following factors has the least amount of influence when judging an internal audit
activity's independence?
Select one:
a. The extent of internal auditor training in communications skills.
b. Relationship between engagement records and engagement communications.
c. Criteria used in making internal auditors' assignments.
d. Impartial and unbiased judgments. - answerA
Which of the following activities is not presumed to impair the objectivity of an internal
auditor?
I. Recommending standards of control for a new information system application.
II. Drafting procedures for running a new computer application to ensure that proper
controls are installed.
III. Performing reviews of procedures for a new computer application before it is
installed.
Select one:
a. I only.
b. I and III.
c. III only.
d. II only. - answerB
When conducting a consulting engagement to improve the efficiency and quality of a
production process, the audit team is faced with a scope limitation because several
months of the production data have been lost or are incomplete.
Faced with this scope limitation, the CAE should:
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