Reference no: EM132793331

Problem 1: An internal auditor has discovered that duplicate payments were made to one vendor. Management has recouped the duplicate payments as a corrective action. Which of the following describes management's action in this case?

a. A condition-based action plan
b. A caused-based action plan
c. A root cause-based action plan
d. An effect-based action plan

Problem 2: An internal auditor tested whether purchase orders were supported by appropriately approved purchase requisitions. She sampled a population of purchase documents and identified instances where purchase requisitions were missing. However, she did not notice that in some cases purchase requisitions were approved by an unauthorized person. Which of the following risks most appropriately describes this situation?

a. Nonsampling risk
b. Sampling risk
c. Inherent risk
d. Due diligence risk