Which two of the following are preventive controls in a check disbursement process?
1. Daily reconciliation of the bank account used for check disbursements and prompt follow - up of un -
reconciled items.
2. Segregation of the following duties: establishing new vendors, approving checks, and reconciling
the bank account.
3. An activity report detailing who accesses the check disbursement system and the nature of any
action taken in the system.
4. Evidence of strong access controls ensuring that authorized individuals have access only to the
functions related to their responsibilities.
Answer:D
Question — (Single Choice)
What is the additional advantage of facilitated workshops, in comparison with structured interviews,
used when testing the effectiveness of entity - level controls?
Answer:C
Question — (Single Choice)
The chief audit executive (CAE) has assigned an internal auditor to an upcoming engagement. Which
of the following requirements would most likely indicate that the internal auditor was assigned to an
assurance engagement?
Answer:A
Question — (Single Choice)
According to IIA guidance, which of the following statements is true regarding periodic internal
assessments of the internal audit activity?
Answer:C
Question — (Single Choice)
An organization has implemented a software system that requires a supervisor to approve
transactions that would cause treasury dealers to exceed their authorized limit. This is an example of
which of the following types of controls?
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