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NEW QUESTION: 1
Which of the following audit techniques ordinarily would provide an auditor with the least assurance about
the operating effectiveness of an internal control activity?
A. Inspection of documents and reports.
B. Observation of client personnel.
C. Preparation of system flowcharts.
D. Inquiry of client personnel.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. Preparation of system flowcharts may aid in the auditor's understanding of internal
control, but would not indicate whether controls were actually operating as designed.
Choices "A", "B", and "C" are incorrect. Inquiry, inspection, observation (and reperformance) are all tests
that may be used to evaluate the operating effectiveness of a control.
NEW QUESTION: 2
A. pcoip.minimum_frame_rate
B. pcoip.maximum_image_quality
C. pcoip.maximum_initial_image_quality
D. pcoip.minimum_quality
Answer: C
Explanation:
NEW QUESTION: 3
An organization has developed a model to determine the most profitable rate of production. The organization varies the cost of labor in the model to determine how much the changes affect the optimal production level. Which type of analysis does this scenario demonstrate?
A. Critical path.
B. Forecast.
C. Sensitivity.
D. Decision.
Answer: C