ACC 544 EDU Extraordinary Success/acc544edu.com ACC 544 EDU Extraordinary Success/acc544edu.com | Page 26

• Question 18 Which of the following factors most likely would assist
an independent auditor in assessing the objectivity of the internal
auditor?
• Question 19 Which of the following is the most effective control to
detect vouchers that were prepared for the payment of goods that were
not received?
• Question 20 Miller Retailing, Inc. maintains a staff of three full-time
internal auditors who report directly to the controller. In planning to
use the internal auditors to provide assistance in performing the audit,
the independent auditor most likely will
• Question 21 The accounts payable department receives the purchase
order form to accomplish all of the following except
• Question 22 The independent auditor should acquire an
understanding of the internal audit function as it relates to the
independent auditor’s consideration of internal control because
• Question 23 For effective internal control purposes, the vouchers
payable department generally should
• Question 24 For which of the following judgments may an
independent auditor share responsibility with an entity’s internal
auditor who is assessed to be both competent and objective?
• Question 25 If the independent auditor decides that the work
performed by internal auditors may have a bearing on the independent
auditor’s own procedures, the independent auditor should consider the
objectivity of the internal auditors. One method of judging objectivity
is to
• Question 26 While obtaining an understanding of a client’s risk
assessment policies, an auditor ordinarily considers how management
• Question 27 Management’s attitude toward aggressive financial
reporting and its emphasis on meeting projected profit goals most
likely would significantly influence an entity’s control environment
when
• Question 28 Which of the following statements is correct regarding
internal control?