QIA Exam Dumps - Qualified Internal Auditor
Which of the following audit procedures would be most effective in determining whether vendor invoices are being processed on a timely basis while maximizing the company's use of cash?
What evidence is appropriate to determine that recorded purchase transactions were valid and at the best price?
Due to the small number of staffs, one remote unit's petty cash custodian also had responsibility for the imprest fund checking account reconciliation. The cashier concealed a diversion of funds by altering the beginning balance on the monthly reconciliations sent to the group office.
A possible audit test to detect this would be to
During an audit of sales representatives’ travel expenses, it was discovered that 152 of 200 travel advances issued to sales representatives in the past year exceeded the prescribed maximum amount allowed.
Which of the following statements is a justifiable audit opinion?
In addition to controls over access, processing, program changes, and other functions, a computerized system needs to establish an audit trail of information.
Which of the following information would generally not be included in an audit trail log designed to summaries unauthorized system access attempts?
One concern of a user of a computer service centre is that one firm's transactions may accidentally be used in the process of updating a second firm's master files. The control procedure that would best provide assurance of the integrity of the master files during updating processes is a check for
An internal audit director has noticed that staff auditors are presenting more oral reports to supplement written reports.
The best reason for the increased use of oral reports by the auditors is that they