The Independent Auditor Should Acquire an Understanding of the Internal

question 23

Multiple Choice

The independent auditor should acquire an understanding of the internal audit function as it relates to the assessment of control risk because

• A) Internal audit programs, audit documents, and reports can eliminate the need for the independent auditor's staff.
• B) The procedures performed by the internal audit staff may eliminate the independent auditor's need for an extensive study and evaluation of internal control.
• C) The work performed by internal audit personnel may be a factor in determining the nature, timing, and extent of the independent auditor's procedures.
• D) The understanding of the internal audit function is an important substantive procedure to be performed by the independent auditor.

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Definitions:

Malicious Software

Software designed to infiltrate, damage, or disable computers and computer systems without the user's consent.

Lock Screen

A feature on digital devices that requires a form of authentication before access to the device is granted.

Apps

Short for applications, these are software programs designed to perform specific tasks on computers, smartphones, or other digital devices.

Picture Password

A security feature that allows users to unlock their device by performing gestures on an image instead of typing a password.