Which of the Following Questions Would an Auditor Least Likely

question 52

Multiple Choice

Which of the following questions would an auditor least likely include on an internal control questionnaire concerning the initiation and execution of equipment transactions?

• A) Are requests for major repairs approved at a higher level than the department initiating the request?
• B) Are prenumbered purchase orders used for equipment and periodically accounted for?
• C) Are requests for purchases of equipment reviewed for consideration of soliciting competitive bids?
• D) Are procedures in place to monitor and properly restrict access to equipment?

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Definitions:

Unequivocal

Clear and unambiguous, leaving no room for doubt or confusion.

Reasonable, Lawful

Actions or decisions that are made with rational justification and comply with established laws.

Legal Framework

The structure of laws, regulations, and rules that govern a particular area or activity.

Reasonably Assured Expectations

The anticipation of benefits or rights that a reasonable person would consider as likely to happen under a contractual agreement.