Week 2 Quiz Correct - Week 2 Planning the Audit Quiz 1(TCO...

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Week 2: Planning the Audit - Quiz 1.  (TCO B) One of the primary purposes of the planning is to: (Points : 3)  Identify possible operational area problems. Identify competitive pressures. Follow-up on earlier audit issues. Interview senior managers new to their responsibilities. 2.  (TCO B) Information obtained during the course of planning includes: (Points : 3)  Laws and regulations that apply to that activity. Material on the organization. Operating methods and procedures. All of the above. 3.  (TCO B) Budgeted to actual performance data can be utilized to identify: (Points : 3)  Areas for further investigation Financial fraud Management effectiveness Control weaknesses 4.  (TCO B) The auditor is encouraged to chase the elephant, not the mice, to: (Points : 3)  Understand management priorities Keep planning on track Complete planning in a timely manner
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Week 2 Quiz Correct - Week 2 Planning the Audit Quiz 1(TCO...

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