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Questions and Answers
What is the purpose of the reporting standards in the ISACA Code of Professional Ethics?
What is the purpose of the reporting standards in the ISACA Code of Professional Ethics?
- To communicate audit findings and recommendations effectively (correct)
- To ensure auditors document all material irregularities and illegal acts encountered
- To set out minimum acceptable performance levels
- To disclaim any responsibility for audit outcomes
What information should be included in the report provided by auditors according to the ISACA Code?
What information should be included in the report provided by auditors according to the ISACA Code?
- Only the scope of the audit work
- Details like scope, objectives, period of coverage, extent of work performed, etc. (correct)
- General information without specifics
- High-level summaries of findings without details
According to ISACA Code 1402, what is the auditor's responsibility regarding follow-up activities?
According to ISACA Code 1402, what is the auditor's responsibility regarding follow-up activities?
- To repeatedly monitor relevant information (correct)
- To conclude that management has taken appropriate action
- To disclaim any responsibility for follow-up
- To ignore any follow-up activities after the initial audit report
What does ISACA state about using the standards mentioned in the 1400 Series?
What does ISACA state about using the standards mentioned in the 1400 Series?
Which of the following is NOT a part of the details that should be included in the auditor's report?
Which of the following is NOT a part of the details that should be included in the auditor's report?
What is the main responsibility of auditors regarding communication as per ISACA Code?
What is the main responsibility of auditors regarding communication as per ISACA Code?
Why does ISACA disclaim that using the standards will not assure a successful outcome?
Why does ISACA disclaim that using the standards will not assure a successful outcome?
What is the purpose of auditing follow-up activities as per ISACA Code 1402?
What is the purpose of auditing follow-up activities as per ISACA Code 1402?
'Exclusive' in relation to the ISACA Code standards means they:
'Exclusive' in relation to the ISACA Code standards means they:
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