IIA-ACCA 무료 덤프문제 온라인 액세스

The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:

• A.Use an aging schedule to more closely estimate uncollectible accounts.
• B.Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.
• C.Eliminate the need for an allowance for doubtful accounts.
• D.Use a method that approximates the matching principle.

When setting the scope for the identification and assessment of key risks and controls in a process, which of the following would be the least appropriate approach?

• A.Specify that the auditors need to assess only key controls, but may include an assessment of non-key controls if there is value to the business in providing such assurance.
• B.Develop the scope of the audit to include controls that are necessary to manage risk associated with a critical business objective.
• C.Ensure the audit includes an assessment of manual and automated controls to determine whether business risks are effectively managed.
• D.Develop the scope of the audit based on a bottom-up perspective to ensure that all business objectives are considered.

According to the COSO internal control framework, which of the following best describes the use of continuous auditing programs by the internal audit activity?

• A.Monitoring.
• B.Control activities.
• C.Risk assessment.
• D.Control environment.

When developing the scope of an audit engagement, which of the following would the internal auditor typically not need to consider?

• A.The potential impact of key risks.
• B.The expected outcomes and deliverables.
• C.The need and availability of automated support.
• D.The operational and geographic boundaries.

An organization accomplishes its goal to obtain a 40 percent share of the domestic market, but is unable to get the desired return on investment and output per hour of labor. Based on this information the organization is most likely focused on which of the following?

• A.Effectiveness and not efficiency.
• B.Marketing and not capital investment.
• C.Capital investment and not marketing
• D.Efficiency and not input economy.