Answer(s): C
QUESTION: 39
Fol owing is a list of background items auditors should review to determine their impact on audit
objectives EXCEPT:

A. The history of the program or entire organization
B. Results of prior audits and their working papers
C. Applicable laws, rules and regulations. Specific items usually set forth in laws and regulations
include the following:
What the program is supposed to do?
Who is supposed to do it?
How much can be spent on what?
D. Audit methods, strategies, tests, analysis and comparisons

Answer(s): D
QUESTION: 40
Auditors can use background information to define and modify:

A. Scope of the audit
B. The likelihood that a risk wil occur
C. Activity reports
D. Audit Criteria (Reasonable, attainable, and relevant)

Answer(s): A
QUESTION: 41
The main purposes of the audit survey are to assist with following goals and tasks EXCEPT:

A. Develop preliminary estimates of time and resource requirements
B. Determine whether further auditing is necessary
C. Documenting key control activities
D. Identify potential critical control points, control deficiencies or excessive controls

Answer(s): C
QUESTION: 42
Auditors define audit objectives based on information gained:

A. From external sources of the organization
B. Either from knowledge they already have or from inquiries and observations
C. From internal sources of the organization
D. From external sources of the organization

Answer(s): B
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