1)Interviewing operating personnel, identifying the objectives of the auditee, identifying standards used to evaluate performance, and assessing the risk inherent in the auditee's operations are activities typically performed in which phase of an internal audit?

A) The fieldwork phase.

B) The preliminary survey phase.

C) The audit programming phase.

D) The reporting phase.

2) An operational audit report which deals with the accounts receivable department of a wholesaler is most likely to address:

A) The efficiency and effectiveness of the customer collections and include any findings requiring corrective action.

B) Whether accounts receivable is reported net of an allowance for uncollectible accounts.

C) Whether the major customer accounts receivable have been confirmed.

D) Whether the accounts receivable account includes any related party transactions.

3) The internal auditing department provides information about control and quality of performance to:

A) Management and the board of directors.

B) A level in the organization sufficient to ensure acceptance of all recommendations.

C) Outside agencies for regulatory and financial compliance.

D) Any member of the organization upon request.