Which of the following activities would be performed during a benchmarking consulting engagement?
I.Collect data relevant to the benchmarking process.
II.
Review all business processes.
III.
Define critical success factors.
IV.
Identify performance gaps.

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

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An auditor is using an internal control questionnaire as part of a preliminary survey. Which of the following is the best reason for the auditor to interview management regarding the questionnaire responses?

• A.Interviewing is the least costly audit technique when a large amount of information is involved.
• B.Interviews are the most efficient way to upgrade the information to the level of objective evidence.
• C.Interviews provide the opportunity to insert questions to probe promising areas.
• D.Interviewing is the only audit procedure which does not require confirmation of the information that is obtained.

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According to the International Professional Practices Framework, which of the following would not be considered when performing an initial risk assessment in engagement planning?

• A.The reliability of management's assessment of risk.
• B.Management's process for monitoring, reporting, and resolving risk issues.
• C.Management's methodology for defining risk criteria.
• D.Risks in related activities relevant to the activity under review.

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An appliance repair company is considering relocating the center that houses its service vehicles. An internal auditor wants to determine the potential reduction in average miles driven by the service vehicles if the center is relocated. Which of the following statistical sampling methods would be most appropriate for this test?

• A.Attributes sampling.
• B.Discovery sampling.
• C.Probability-proportional-to-size sampling.
• D.Mean-per-unit sampling.

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Which of the following would have the least significance in an audit of the efficiency of a driver's license testing facility?

• A.Staff are cross-trained to provide backup for other areas of the facility as required.
• B.Clerical staff administer written tests to allow examiners more time to supervise driving tests.
• C.A point-of-sale cashiering system reduces the need to reenter payment data.
• D.Examiners are required to be recertified on an annual basis.

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