siddharth
17-02-09, 07:34 AM
Hi,
Sorry for the delayed posting, Answers for the following questions will be posted tomorrow.
1. The Primary objective of obtaining an undertaking of the information system is to provide the auditor with
a. audit evidence to use in forming an overall opinion on the company
b. enough understanding to design procedures to gather sufficient audit evidence
c. enough evidence to express an audit opinion
d. enough understanding to express an opinion on the adequacy of the entity’s internal controls
2. Which of the following in not a method of documenting the understanding of the accounting system
a. Internal Control Questionnaire
b. Internal Control evaluation checklist
c. Narrative Description
d. Systems Flow Chart
3. An auditor’s flow chart of an entity’s information system is a diagrammatic representation that depicts the auditor’s
a. programme for tests of control
b. understanding of the system
c. understanding of the types of irregularity that are probable, given the present system
d. documentation of the assessment of control risk
4. Which of the following would not be relevant in obtaining an understanding of the control environment
a. The existence of an internal audit department
b. A need to demonstrate compliance with the requirements of a regulatory agency
c. The existence of a sound budgetary control system
d. Adoption of accounting policies in conformance with accounting standards
Responses are very disappointing
Sorry for the delayed posting, Answers for the following questions will be posted tomorrow.
1. The Primary objective of obtaining an undertaking of the information system is to provide the auditor with
a. audit evidence to use in forming an overall opinion on the company
b. enough understanding to design procedures to gather sufficient audit evidence
c. enough evidence to express an audit opinion
d. enough understanding to express an opinion on the adequacy of the entity’s internal controls
2. Which of the following in not a method of documenting the understanding of the accounting system
a. Internal Control Questionnaire
b. Internal Control evaluation checklist
c. Narrative Description
d. Systems Flow Chart
3. An auditor’s flow chart of an entity’s information system is a diagrammatic representation that depicts the auditor’s
a. programme for tests of control
b. understanding of the system
c. understanding of the types of irregularity that are probable, given the present system
d. documentation of the assessment of control risk
4. Which of the following would not be relevant in obtaining an understanding of the control environment
a. The existence of an internal audit department
b. A need to demonstrate compliance with the requirements of a regulatory agency
c. The existence of a sound budgetary control system
d. Adoption of accounting policies in conformance with accounting standards
Responses are very disappointing