AUE2601 May/Jun 2017 exam paper — questions

Every question, by topic

1. Question 1.1 · Internal audit and other assurance functions · 1.5 marks

   Internal and external audit work should be coordinated so that audit coverage is adequate and unnecessary duplication of effort is eliminated. Which one of the following alternatives involves the coordination of audit effort?Show the full questionShow less

2. Question 1.2 · The internal audit process and fieldwork · 1.5 marks

   Which one of the following factors is essential when evaluating the competence and appropriateness of audit evidence? The evidence must:Show the full questionShow less

3. Question 1.3 · International Professional Practices Framework (IPPF) and standards · 1.5 marks

   According to the International Standards for the Professional Practice of Internal Auditing (the Standards), due professional care calls for:Show the full questionShow less

4. Question 1.4 · Code of Ethics · 1.5 marks

   An internal auditor holding a Certified Internal Auditor (CIA) qualification applied for a new position with another company as the director of purchasing. Within a month of his appointment, the director signed a contract to procure a large order from a new supplier who had submitted the best tender in terms of price, quality and delivery. Shortly after the contract was signed, the supplier presented the director with a voucher for a weekend breakaway at a game farm. Which one of the following statements about the acceptance of the gift is incorrect?Show the full questionShow less

5. Question 1.5 · The internal audit process and fieldwork · 1.5 marks

   Which one of the following activities is not included when developing the internal audit department's long-term audit plan and schedules?Show the full questionShow less