During the Planning Phase of an Audit of Suspected Overbilling

question 66

Multiple Choice

During the planning phase of an audit of suspected overbilling on contracts for security services, an internal auditor should perform all of the following except:

• A) Interview an official of the security services company to determine the cause of recent increases in billings for services.
• B) Interview the manager who requested the audit engagement.
• C) Obtain a copy of the contract between the two organizations.
• D) Prepare an engagement program.

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Definitions:

Yorktown

The site of the decisive battle of the American Revolutionary War in 1781, where British forces surrendered, effectively ending the war.

Positive Electric Charges

Charges carried by protons, contributing to electrical phenomena and interactions according to the principles of electromagnetism.

Current Flows

The movement of electric charge carriers, such as electrons, through a conductor or circuit.

Positive To Negative

Refers to the flow of direct current (DC) from the positive pole to the negative pole of a power source.