An internal auditor discovers a number of control concerns while reviewing the organization’s online payment system and decides to interview key employees involved in the system's design and maintenance. Which of the following best describes the results of those interviews?
The internal audit activity has been tasked with evaluating the effectiveness of the organization’s risk management processes. Which of the following activities are appropriate and relevant to consider in the overall evaluation?
Which of the following creates an opportunity for an employee to commit fraud?Lack of adequate internal controlsUnfair compensation practicesThe need for money to pay personal medical bills
During a travel expense audit engagement, the internal auditor discovered that the accounts payable staff spend a significant amount of time previewing expense reports before the reports are sent to managers for review and approval. The total of all expense reports during a year represents less than 1% of the organization’s total budget. Which of the following best supports the auditor’s recommendation to reduce the level of reviews?
During a procurement process consulting engagement, the internal auditors reviewed contracts for the hospital's supply of medicine. Which of the following would the internal auditors most likely recommend to improve the effectiveness of the procurement process?