Which of the following factors would be of least importance to an auditor in determining how much reliance can be placed on the work of internal auditors?
A) The competence and objectivity of the internal audit function.
B) The materiality or significance of the accounts examined by the internal audit function.
C) The audit risk associated with the accounts examined by the internal auditors.
D) The nature of the audit software documentation used by the internal auditors.
Answer: D) The nature of the audit software documentation used by the internal auditors.
You might also like to view...
In marketing his wooden pens and pencils to specialty-shop customers, Ruben was most likely using ________ marketing
A) mass B) trigger-based C) concentrated D) segmented E) individual
Which of the following statements regarding "proximity" in the location decision is FALSE?
A) Service organizations find that proximity to market is the most critical primary location factor. B) Manufacturers want to be near customers when their product is bulky, heavy, or fragile. C) Perishability of raw materials is a good reason for manufacturers to locate near the supplier, not the customer. D) Reduction in bulk is a good reason for a manufacturer to locate near the supplier. E) Clustering among fast food chains occurs because they need to be near their labor supply.