Which of the following statements is true regarding internal control questionnaires?

The correct answer is C. Internal control questionnaires can be used by internal auditors as an interview guide. Internal control questionnaires (ICQs) are useful tools for internal auditors to guide interviews with auditees. They help ensure that all relevant aspects of internal controls are covered systematically during the interview process. While ICQs can help in evaluating the design…

Planning the Engagement

Question

Options

AInternal control questionnaires are useful m evaluating the effectiveness of standard operating
Binternal control questionnaires provide reliable documents allowing internal auditors to cover
CInternal control questionnaires can be used by internal auditors as an interview guide
DInternal control questionnaires provide direct audit evidence which may need corroboration

How the community answered

(24 responses)

A
4% (1)
C
88% (21)
D
8% (2)

Explanation

Internal control questionnaires (ICQs) are useful tools for internal auditors to guide interviews with auditees. They help ensure that all relevant aspects of internal controls are covered systematically during the interview process. While ICQs can help in evaluating the design and existence of controls, they primarily provide a structured format for gathering information from auditees about controls in place, rather than serving as direct audit evidence themselves. Therefore, they aid in the interview process by ensuring comprehensive coverage of control- related inquiries.

Topics

#internal control questionnaires#interview guide#audit documentation#control evaluation

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