Online Access Free QIA Exam Questions

A personnel department is responsible for processing placement agency fees for new hires. A recruiter established some bogus placement agencies and, when interviewing walk-in applicants, the recruiter would list one of the bogus agencies as referring the candidate.
A possible means of detection or deterrence is to

• A.Require all employees to sign an annual conflict of interest statement.
• B.Process all personnel agency invoices via a purchase order through the purchasing department.
• C.Monitor the closeness of the relationships of recruiters with specific vendors.
• D.Verify new vendors to firms listed in a professional association catalogue and/or verify the vendor name and address through the telephone book.

The following are potential sources of evidence regarding the effectiveness of the division's total quality managementprogram. Assume that, all comparisons are for similar time
periods and duration and current items are compared with similar items before the implementation of the total quality managementprogram.
The least persuasive evidence would be a comparison of

• A.Scrap and rework costs over the two time periods.
• B.Manufacturing and distribution costs per unit over the two time periods.
• C.Employee morale over the two time periods.
• D.Customer returns over the two time periods.

The purchasing manager of a manufacturing company was concerned with the rising prices of some direct materials provided by a supplier. The purchasing manager told the supplier to either maintain the current prices or withdraw as a supplier for the company's direct materials. Thesupplier devised a plan to circumvent the purchasing manager's intent without actually violating the purchasing manager's mandate.
Which one of the following is the probable action taken by the supplier?

• A.The supplier worked through the president of the manufacturing company to force the purchasing manager to cancel the mandate.
• B.The supplier maintained prices in the short run but later returned to a pattern of increasing prices.
• C.The supplier decided to stop providing the direct materials to the manufacturing company, since holding the line on prices would have a negative impact.
• D.The supplier maintained prices but substituted a lower grade of direct materials.

Due to the small number of staffs, one remote unit's petty cash custodian also had responsibility for the imprest fund checking account reconciliation. The cashier concealed a diversion of funds by altering the beginning balance on the monthly reconciliations sent to the group office.
A possible audit test to detect this would be to

• A.Compare monthly balances and use change and trend analysis.
• B.Determine if any employees are leading expensive lifestyles.
• C.Determine if any employees have high personal debt.
• D.Require additional monitoring by headquarters whenever improper segregation of duties exists at remote units.

In order for internal auditors to be able torecognizepotential fraud, they must be aware of the basic characteristics of fraud. Which of the following is not a characteristic of fraud?

• A.Negligence on the part of executive management.
• B.Taking unfair or dishonest advantage.
• C.Perpetration for the benefit or detriment of theorganization.
• D.Intentional deception.