Which of the following is the primary weakness of internal control questionnaires (ICQs)?

The correct answer is D. ICQ respondents have incentives to answer that there are internal controls in place. The primary weakness of internal control questionnaires (ICQs) is that the respondents, who are often managers or personnel responsible for specific areas, may have incentives to indicate that internal controls are in place, even when they might not be effective or fully…

Performing the Engagement

Question

Options

AICQs do not allow for open-ended questions.
BICQs do not allow for evaluating multiple locations.
CICQs require significant auditor follow-up, as different managers may give different responses.
DICQ respondents have incentives to answer that there are internal controls in place.

How the community answered

(33 responses)

A
3% (1)
B
6% (2)
C
3% (1)
D
88% (29)

Explanation

The primary weakness of internal control questionnaires (ICQs) is that the respondents, who are often managers or personnel responsible for specific areas, may have incentives to indicate that internal controls are in place, even when they might not be effective or fully operational. This can occur due to a desire to present their department in a positive light, avoid scrutiny, or because of misunderstandings about what constitutes a control. This bias in responses can lead to inaccurate assessments of the internal control environment.

Topics

#internal control questionnaire#respondent bias#ICQ weaknesses#control documentation

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