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ch16 Operational and Governmental Compliance Auditing
ch16 Operational and Governmental Compliance Auditing
MULTIPLE CHOICE:
ANSWER: B
I. Operating responsibility
II. Organizational status
III. Objectivity
IV. Authority over operations
a. I and II.
b. II and III.
c. III and IV.
d. I and IV.
ANSWER: B
ANSWER: B
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Chapter 16 Operational and Governmental Compliance Auditing 271
ANSWER: D
ANSWER: A
a. A bill of lading.
b. A “blind” (no quantities shown) copy of the purchase
order received directly from the purchasing department.
c. An invoice.
d. A note documenting a telephone conversation with a
purchasing agent.
ANSWER: B
rate for the industry over the past three years was 6.2.
From these facts, the auditor should conclude
ANSWER: A
ANSWER: B
a. Touring operations.
b. Conducting audit inquiries.
c. Performing analytical review.
d. Developing the audit program.
ANSWER: D
ANSWER: D
ANSWER: B
ANSWER: B
ANSWER: C
ANSWER: A
ANSWER: A
ANSWER: A
17. The primary audience for the written report issued by the
internal auditor at the completion of an audit should be
ANSWER: D
a. 1 and 3
b. 2 and 3
c. 1 and 4
d. 2 and 4
ANSWER: D
276 Chapter 16 Operational and Governmental Compliance Auditing
ANSWER: C
ANSWER: B
ANSWER: C
ANSWER: B
ANSWER: B
ANSWER: A
ANSWER: A
ANSWER: D
ANSWER: D
ANSWER: C
ANSWER: A
ANSWER: A
ANSWER: D
ANSWER: B
ANSWER: C
ANSWER: A
ANSWER: C
ANSWER: D
ANSWER: A
ANSWER: A
a. D,H,B,F,E,G,A,C
b. C,E,G,A,H,B,D,F
c. E,C,A,G,D,H,B,F
d. C,E,G,A,B,H,D,F
ANSWER: D
Chapter 16 Operational and Governmental Compliance Auditing 283
ANSWER: C
ANSWER: B
ANSWER: B
COMPLETION:
ANSWER: EFFECTIVENESS
ANSWER: RISK-BASED
MATCHING:
51. Select the term that best fits the listed definition.
A. Circular A-133
B. Effectiveness
C. Efficiency
D. Evaluation criteria
E. Yellow book
F. Risk-based operational auditing
G. Percentage-of-coverage rule
H. Operational auditing
I. Management auditing
J. General Accounting Office
K. Foreign Corrupt Practices Act of 1977
L. Single Audit Act of 1984 (as amended in 1996)
M. Governmental compliance auditing
SOLUTION:
1. H
2. I
3. C
4. B
5. K
6. F
7. D
8. M
9. E
10. L
11. G
12. A
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