An organization's accounts payable function improved its internal controls significantly after
it received an unsatisfactory audit report. When planning a follow-up audit of the function, what level of detection risk should be expected if the audit and sampling procedures used are unchanged from the prior audit?
Organizations that use a highly structured command-and-control management approach are at greater risk of:
According to IIA guidance, which of the following are macro-level audit activities performed for an assurance engagement of the purchasing department?
Obtain and review all purchasing-related audit reports issued within the past year.
Meet with the quality assurance group to discuss its previous reports of any purchasing-related findings.
Review a memo written by the purchasing manager that outlines ongoing problems with the purchasing software.
Request a copy of the report from a purchasing audit conducted last year by an external service provider.
Which of the following is not considered one of the most common red flags for perpetrators of fraud?
According to the International Professional Practices Framework, which of the following is the appropriate division of responsibilities for the coordination of internal and external audit efforts?
I. Oversight of Work
Coordination of Activities
Chief audit executive
Senior management
II. Board
Chief audit executive
III. Chief financial officer
Chief audit executive
IV. Board
Chief financial officer
