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Certified Internal Auditor Exam Questions 161–165 (page: 34)

Auditors 1, 2, and 3 work out of various offices. Each must be assigned to one, and only one, of three audit locations (A, B, or C). The cost of sending each auditor to each location is listed below Audit Locations Auditor 1 Auditor 2 Auditor 3 A $200 $400 $200 B $300 $300 $200 C $400 $600 $500 The minimum cost with which this assignment can be accomplished is

In developing an appropriate work program for an audit engagement, the most important factor for an audit supervisor to consider is the

Which of the following would an internal auditor consider when developing engagement objectives?

I). Estimated time to complete the engagement.
II). Probability of significant errors.
III). Risks, controls, and governance processes.
IV). Budgeted cost and resource requirements.

Coordination between the internal auditors and the external auditors tends to

A manufacturer of very expensive precision optical equipment has experienced a significant increase in production costs over the past three months. The plant manager has demanded an immediate audit to identify the cause of the increases. Which of the following is true regarding this request?