In which of the following situations would an internal control questionnaire best suit the internal auditor's purpose?

Question

Options

• AThe auditor wants to receive mid-level management insight on how to improve hiring practices
• BThe auditor wants to obtain information on whether adherence to approval matrices is actually
• CThe auditor wants to gain assurance that inventory counts are conducted in accordance with
• DThe auditor wants to assess whether different subsidiaries apply centrally established procurement

• A
  12% (5)
• B
  79% (33)
• C
  7% (3)
• D
  2% (1)

Explanation

An internal control questionnaire (ICQ) is designed to gather detailed information about the operation of specific controls within an organization. It is particularly useful for understanding whether controls, such as adherence to approval matrices, are being followed consistently across different units. ICQs provide a structured way to collect this information from respondents, ensuring that all relevant aspects of the control environment are considered. This method is effective for assessing compliance with established procedures and identifying areas for

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