Question

Which of the following statements describes an internal control questionnaire?

1) Provides detailed evidence regarding the substance of the control system.
2) Takes less of the engagement client's time to complete than other control evaluation devices.
3) Requires that the internal auditor be in attendance to properly administer it.
4) Provides indirect evidence that might need corroboration.

Answer 1

An internal control questionnaire gathers both subjective qualitative data and objective quantitative data to assess an organization's internal controls. Statement 4, which says the questionnaire provides indirect evidence, is the most accurate description among the given choices.

Step-by-step explanation:

An internal control questionnaire is a tool used to evaluate the effectiveness of an organization's internal controls. The questionnaire can include a variety of question types, from simple yes/no queries to more complex, open-ended questions that require detailed responses. Questionnaires can be useful for gathering qualitative data which provides insights into the respondent's thoughts, beliefs, and opinions. They also facilitate the collection of quantitative data through structured questions like Likert scales. While questionnaires offer valuable information, responses can sometimes be influenced by the desire to present oneself in a positive light due to social desirability bias.

Regarding the statements provided:

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