Which of the following is a responsibility of the internal auditor once a fraud investigation has been concluded?

During an audit of a retail organization, an internal auditor found a scheme in which the warehouse director and the purchasing agent diverted approximately $500,000 of goods to their own warehouse, then sold the goods to third parties. The fraud was not found earlier since the warehouse director updated the perpetual inventory records and then forwarded receiving reports to the accounts payable department for processing. Which of the following procedures would have most likely led to the discovery of the missing materials and the fraud?

An audit of customer accounts receivable found that outstanding receivables as a percentage of revenue had increased significantly during the past two years. The increase was attributed to the extension of credit, at the urging of the marketing department, to a number of companies that were not credit worthy. Which of the following would be least useful in monitoring the disposition of this finding?

Which of the following types of internal audit consulting engagements is an example of a facilitation service?
I.Conducting control self-assessment workshops.
II.
Participating on standing committees.
III.
Reviewing regulatory compliance.
IV.
Benchmarking.
Estimating savings from outsourcing processes.

An internal control questionnaire would be most appropriate in which of the following situations?