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:

Probabilities

Numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true.

Experimentation

Experimentation is the process of conducting tests or investigations to validate or refute a hypothesis or understand a phenomenon.

Probability Values

Quantitative measures that reflect the chance or likelihood of a particular event or outcome occurring.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact by manipulating variables under controlled conditions.