As part of a preliminary survey of the purchasing function, an internal auditor reads the department's policies and procedures manual and concludes that the manual describes the processing steps clearly and contains an appropriate internal control design. The next engagement objective is to evaluate the operating effectiveness of internal controls. Which procedure would fulfill this objective most effectively?

Persuasive evidence indicates that a member of senior management has been involved in insider trading that would be considered fraudulent. However, the evidence was encountered during an operational audit and is not considered relevant to the audit. Which of the following is the most appropriate action for the chief audit executive to take?

What would be used to determine the collectability of accounts receivable balances?

Which of the following factors would the auditor in charge be least likely to consider when assigning tasks to audit team members for an engagement?

An internal auditor is planning an assurance engagement. The auditor first reviews the department's business objectives. What is the next step?