QUESTION: 93 Exam Topic: 1, Volume A

Which of the following describes an internal auditor's responsibilities to include audit procedures to detect fraud in audits of a multinational organization?

International Accounting Standards require the internal auditor to include audit procedures which would detect fraud if it would cause a material misrepresentation of the financial statements.
Internal auditors do not have any specific responsibilities with respect to including fraud-related audit procedures.
Proper audit procedures, when carried out with due professional care, will guarantee that fraud, if present, will be detected.
If significant control weaknesses are detected, additional tests should be directed toward other indicators of fraud.

Answer(s): D

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QUESTION: 94 Exam Topic: 1, Volume A

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?