While performing an internal audit engagement, an auditor reviews a flowchart of the organization's purchasing function. Which of the following internal control weaknesses would the auditor be able to identify in the chart?
It would be appropriate for an internal audit activity to use consultants with expertise in health-care benefits when the internal audit activity is:
I. Conducting an audit of the organization's estimate of its liability for post retirement benefits, which include health care benefits.
II. Comparing the cost of the organization's health care program with that of other programs offered in the industry.
III. Training its staff to conduct an audit of health care costs in a major division of the organization.
Which of the following statements correctly describes how workpaper standards can improve the efficiency of internal audit operations?
While reviewing the workpapers of a new auditor,the auditor in charge discovered that additional audit procedures might be necessary. According to IIA guidance,which of the following would be most relevant for the auditor in charge to consider when making this decision?
Which of the following is not a role of the internal audit activity in facilitating risk identification and evaluation?
