QUESTION: 277

According to IIA guidance, which of the following is true regarding audit supervision?
1. Supervision should be performed throughout the planning, examination, evaluation, communication, and follow-up stages of the audit engagement.
2. Supervision should extend to training, time reporting, and expense control, as well as administrative matters.
3. Supervision should include review of engagement workpapers, with documented evidence of the review.

1 and 2 only
1 and 3 only
2 and 3 only
1, 2, and 3

Answer(s): D

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QUESTION: 278

Which of the following best describes the four components of a balanced scorecard?

Customers, innovation, growth, and internal processes.
Business objectives, critical success factors, innovation, and growth.
Customers, support, critical success factors, and learning.
Financial measures, learning and growth, customers, and internal processes.

Answer(s): D

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QUESTION: 279

Which of the following is not a direct benefit of control self-assessment (CSA)?

CSA allows management to have input into the audit plan.
CSA allows process owners to identify, evaluate, and recommend improving control deficiencies.
CSA can improve the control environment.
CSA increases control consciousness.

Answer(s): A

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QUESTION: 280

An internal auditor is conducting a financial audit.
Which of the following audit procedures is most appropriate when existing internal controls are weak?

Analytical procedures.
Detail testing.
Test of design.
Test of control.

Answer(s): B

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QUESTION: 277

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QUESTION: 280