Question 34 Not yet answered Marked out of 1.00 White auditing the financial statements of Swimmers Shipping Company, Mr. Basam, the auditor of the company comes across occasions where the corrective actions to resolve an audit issue was not accomplished until and after the audit report has been finalized Which one of the following step will be performed by Mr. Basam in this situation? Flag question Re-audit Audit postponement Feedback Follow-up Question 35 Question 35 Not yet answered Marked out of 1.00 Rag question Mr. Ghazi is the newly joined audit clerk in the team in which you are the team leader. You are required to educate him the time by which the draft report should be distributed to the Board of Directors and other levels of management executives who are responsible for the department or the function for their review and comment? After the status meeting After the exit meeting After the entrance meeting After the shareholders meeting Question 36 Question 39 Answer saved Marked out of 1.00 are on going evaluations of the implementation and operation of the five components of internal audit. Control environment Flag question Control environment Control activities Monitoring activities Risk assessment Question 40 Not yet answered Marked out of 1.00 Fag question The management of Algebra Logistics Company is aware of the fact there is a breakdown in the internal control system of the company. But they are not able to find the reason for the breakdown. Help the management of the company by identifying the correct reason for the breakshown in the internal control system from the following: Employees misunderstand instructions External auditor was reappointed Internal auditor was not experienced Production capacity was under utilized Que 46 Not yet answered Marked out of 100 Prag question in your opinion as an auditor, what can be internal control objective at the time of placing a purchase order To ensure that the stock count is accurate To ensure that the stock purchased is not already in stock To ensure that the order is actually required To ensure that all purchase are paid for il Iv. Question 50 Not yet answered Marked out of 100 Muscat Co. has sales invoices that are stamped as paid once payment is made by the customer. How can the auditor test that this control is being carried out? For a sample of the paid involces, check that they have been stamped as paid For a sample of the paid invoices, check that the date of the invoice is in the current year, For a sample of the paid invoices, ensure that the bank account details on the invoice match the bank account details of the company. None of these Question 47 Not yet answered Marked out of 1.00 P Flag gestion In the fieldwork phase, when the audit team is conducting interviews with departmental personnel and to review departmental records and practices, efforts should be made to Evaluate the employee performance Motivate employee performance Maximize disruptions Minimize disruptions According to the terms of importance of corporate governance; integrity means Question 48 Not yet answered Marked out of 100 Flag question Ability to reach and communicate meaningful conclusions Sense of equality in dealing with internal stakeholders Independence from personal influence Adherence to a strict moral or ethical code