Understanding the Audit Management Process ACCISO Practice Questions (Page 6)

Questions 26–30

1. 26application · medium

   An audit team is planning a series of interviews with department heads. The audit manager wants to ensure effective communication and coordination. Which approach is most likely to achieve this?

   • AConduct surprise interviews to obtain unbiased responses.
   • BAsk department heads to complete a questionnaire instead of interviews to save time.
   • CSend a detailed interview agenda in advance and confirm the schedule with each department head.
   • DInterview only the IT manager and rely on their knowledge of all departments.
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2. 27expert · hard

   An audit manager is implementing a quality assurance program for the internal audit function. The program includes peer reviews of audit working papers and feedback sessions. However, some auditors are concerned that peer reviews will slow down the audit process and create conflict. What should the audit manager do to address these concerns?

   • ACancel the peer review program to avoid slowing down the audit process.
   • BLimit peer reviews to only the most complex audits to reduce the impact on the schedule.
   • CMake peer reviews mandatory and penalize auditors who do not complete them on time.
   • DExplain the benefits of peer reviews for audit quality and implement them in a supportive, non-punitive manner.
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4. 28application · medium

   An auditor has completed the fieldwork and is preparing the audit report. The auditor has identified several findings, but some are based on limited evidence. What should the auditor do to ensure the report is accurate and reliable?

   • AOmit findings with limited evidence to avoid uncertainty in the report.
   • BInclude the limited evidence in the report without any explanation.
   • CPresent all findings with equal confidence to avoid confusing the reader.
   • DClearly indicate the level of assurance for each finding and note any limitations in the evidence.
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5. 29expert · hard

   An audit manager is leading an audit that involves multiple departments. The audit has a tight deadline, and some department heads are unresponsive to interview requests. The audit manager must ensure the audit is completed on time while maintaining good relationships. What is the most effective approach?

   • AEscalate the issue to senior management immediately to force cooperation.
   • BCancel the audit of the unresponsive departments to meet the deadline.
   • CUse alternative communication channels, such as email questionnaires, and offer flexible interview times.
   • DProceed with the audit using available information and note the lack of cooperation in the report.
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6. 30foundation · easy

   During audit execution, what is the primary purpose of collecting evidence?

   • ATo provide a historical record for legal proceedings in case of future disputes.
   • BTo document every action taken by every employee during the audit period.
   • CTo demonstrate the auditor's thoroughness to the audit committee.
   • DTo support the audit findings and conclusions with sufficient, appropriate information.
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