An internal control questionnaire consists of a series of questions relating to controls normally required to prevent or detect errors and fraud that may occur for each type of transaction. Which of the following is not an advantage of such a questionnaire?

Question

Accepted Answer

An internal control questionnaire is flexible in design and application.

Answer

An internal control questionnaire provides a framework that minimises the possibility of overlooking aspects of internal control.

Answer

An internal control questionnaire is easy to complete.

Answer

The completed internal control questionnaire provides evidence that the internal auditor has familiarised himself/herself with the internal controls.

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An internal control questionnaire consists of a series of questions relating to ...

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