1. What are the two advantages of an Internal Control program to the manager?
2. What are the two types of errors that the auditor is exposed to?
3. You have been assigned a computer systems audit. But you are not a computer systems expert. What would you do?
4. During an interview somebody tells you something relevant to the audit. But no documentation can be found to support what you have been told. What should you do?
5. How would you identify fraud risk?
6. Explain the danger of the lack of segregation of duties.
7. Explain how to prepare a workpaper, and also explain what the workpaper is used for.
8. What is the test of application controls?