Which of the following is not an internal audit objective designed to add value to a purchasing department?a. A review of the bidding process indicates that a vendor company may be operating undertwo different names; therefore, purchasing is not getting the three independent bidsrequired by policy.b. The purchasing process is causing unnecessary delays in ordering product.c. The purchasing department is not following a new human resource policy requiring a sixmonth performance review for new employees.d. The director of purchasing is new to the organization and has made several decisionsregarding vendor approvals with which the auditor does not agree.
Which of the following is not an internal audit objective designed to add value to a purchasing department?a. A review of the bidding process indicates that a vendor company may be operating undertwo different names; therefore, purchasing is not getting the three independent bidsrequired by policy.b. The purchasing process is causing unnecessary delays in ordering product.c. The purchasing department is not following a new human resource policy requiring a sixmonth performance review for new employees.d. The director of purchasing is new to the organization and has made several decisionsregarding vendor approvals with which the auditor does not agree.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is not an internal audit objective designed to add value to a purchasing department?
a. A review of the bidding process indicates that a vendor company may be operating under
two different names; therefore, purchasing is not getting the three independent bids
required by policy.
b. The purchasing process is causing unnecessary delays in ordering product.
c. The purchasing department is not following a new human resource policy requiring a sixmonth performance review for new employees.
d. The director of purchasing is new to the organization and has made several decisions
regarding vendor approvals with which the auditor does not agree.
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