QIA Exam Dumps - IQN Professional Qualifications Questions and Answers

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Imposition of corrective measures.

Participation with auditees to improve methods.

Fraud investigation.

Implementation of policies and procedures.

The supplier maintained prices in the short run but later returned to a pattern of increasing prices.

The supplier decided to stop providing the direct materials to the manufacturing company, since holding the line on prices would have a negative impact.

The supplier maintained prices but substituted a lower grade of direct materials.

The supplier worked through the president of the manufacturing company to force the purchasing manager to cancel the mandate.

The auditor notes strong indicators of a specific fraud involving this account.

The company has relatively stable operations that have not changed much over the past year.

The auditor would like to identify large, unusual, or nonrecurring transactions during the year.

The operating expenses vary in relation to other operating expenses, but not in relation to revenue.

Shifts some of the responsibilities away from the auditors towards others such as work teams.

Allocated additional responsibilities to internal audit.

Reduces the level of collaboration required between managers and internal auditor.

Allows assessment to be carried out without any internal audit involvement whatsoever, therefore allowing them to focus their attention on other areas of theorganization.

Managers regularly assume subordinates' duties.

Managers dealing in matters outside their profit centre’s scope.

Managers not complying with corporate directives and procedures.

Managers subject to formal performance reviews on a regular basis.

Reconciling the accounts receivable subsidiary ledgers with the control account.

Preparing an aging analysis.

Reviewingauthorizationof credit terms.

Tracing a sample of credit memos to the accounts receivable subsidiary ledger.

Being willing to prosecute.

Ostracizingwhistle-blowers.

Overlooking inefficiencies in the judicial system.

Accepting the lack of integrity in the system.

$204,000

$196,000

$199,000

$199,800

The same rules might not be suitable for every company

There are some aspects of corporate governance that cannot be regulated easily

Companies do not have the choice of ignoring the rules

The most suitable corporate governance practices can differ between companies