Free IQN QIA Practice Exam with Questions & Answers | Set: 3

Inherent risk

Control risk

Defective risk

Detection risk

Comparing the items on the schedule with the accounts payable ledger or unpaid voucher file.

Comparing the balance on the schedule with the balances of prior years.

Comparing confirmations received from selected creditors with the accounts payable ledger.

Examining vendors' invoices in support of selected items on the schedule.

The rate of absenteeism.

The goal of becoming a leading manufacturer.

The number of insurance claims processed per day.

The rate of customer complaints.

A new management team installed as the result of a takeover.

Rapid turnover of financial executives.

Rapid expansion into new markets.

An Internal Revenue Service audit of tax returns.