Which of the following best describes the primary concern of the audit manager upon review of engagement working papers of an auditor?

• A.To ensure that the audit programs are followed by the auditor.
• B.To ensure adequate control over the custody of working papers is exercised by the auditor.
• C.To ensure that as part of the documentation the auditor collected original documents that can corroborate the audit findings.
• D.To ensure that the work papers create background for subsequent reviews.

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According to IIA guidance, which of the following are benefits to the internal audit activity when conducting an assurance mapping exercise?

• A.Identification of gaps in risk coverage, and minimization of duplicate assurance efforts.
• B.Identification of gaps in risk coverage, and consolidation of risk reporting efforts.
• C.Resolution of identified testing errors, and consolidation of risk reporting efforts.
• D.Resolution of identified testing errors, and minimization of duplicate assurance efforts.

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An internal audit activity is participating in the due diligence work for an acquisition that a company is considering. One engagement objective is to determine if the acquisition's accounts payable contain all outstanding liabilities. Which of the following audit procedures would not be relevant for this objective?

• A.Trace receiving reports issued before the period end to the related vendor invoices and accounts payable list.
• B.Examine supporting documentation of subsequent (after-period) cash disbursements and verify period of liability.
• C.Select a sample of accounts payable from the accounts payable list and verify the supporting receiving reports, purchase orders, and invoices.
• D.Send confirmations, including zero-balance accounts, to vendors with whom the company normally does business.

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As a result of a recent discovery of false information on employment applications, an internal auditor has reviewed hiring procedures. Which of the following represents a weakness in the control system?
I. Applicants are not required to have their signed applications legally authenticated.
II. Applicants' educational information is not validated with the educational institution before employment is offered.
III. Information related to applicants' long-term work history is not validated before employment is offered.

• A.III only
• B.I and II only
• C.II and III only
• D.I, II, and III

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When interviewing an individual in relation to a fraud investigation, which course of action
should the internal auditor follow?

• A.Assure the individual that the results of the interview will remain confidential.
• B.Establish a rapport with the subject to encourage openness.
• C.Discontinue questioning once the individual has confessed to the fraud.
• D.Refrain from deviating from the list of questions prepared before the interview.

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