WGU D560 INTERNAL AUDITING I | (OA) OBJECTIVE ASSESSMENT | 59 QUESTIONS AND
ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTIONS.
Correct
Incorrect
1 of 59
Term
An internal auditor uncovers that the purchase officer has been
embezzling money by approving fraudulent invoices. Further
questioning reveals that the purchase officer thought they could easily
take some money without anyone finding out because they had been
assigned the responsibility to approve as well as make vendor
payments below $500.Which element of the fraud triangle does the
scenario exemplify?
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Perceived opportunity Perceived pressure
Perceived non-shareable financial
Performance
need
, Don't know?
2 of 59
Term
A company's cashier is updating sales transactions in the accounting
software. When the cashier accidentally enters the item name in the
amount field, the software gives an error and prompts to enter a
numerical value. Which type of control is described in this scenario?
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Programmed edit checks Accuracy checks
Reasonableness check Hash totals
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3 of 59
Term
Whose responsibility is it to develop and maintain a quality
assurance and improvement program in an organization?
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, The board of directors The external auditor
The chief audit executive The chief compliance officer
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4 of 59
Term
A newly incorporated company establishes an audit committee to
provide oversight of the internal audit function, the annual financial
reporting process, and the company's internal control structure.Which
type of control is the company implementing?
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Systems software control Transaction-level control
Processing control Entity-level control
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5 of 59
Term
, What is an example of an ongoing nonindependent monitoring
activity?
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Reconciliation activities Control activities
Internal audit function activities Fraud prevention activities
Don't know?
6 of 59
Term
What is the responsibility of the information processing employees
in an organization?
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Managing centralized IT
resources and performing the Developing strategic marketing
routine input, processing, and campaigns and initiatives
output activities
Managing human resources and Overseeing organizational financial
employee benefits programs planning and budgeting
ANSWERS | 2026 UPDATE | WITH COMPLETE SOLUTIONS.
Correct
Incorrect
1 of 59
Term
An internal auditor uncovers that the purchase officer has been
embezzling money by approving fraudulent invoices. Further
questioning reveals that the purchase officer thought they could easily
take some money without anyone finding out because they had been
assigned the responsibility to approve as well as make vendor
payments below $500.Which element of the fraud triangle does the
scenario exemplify?
Give this one a try later!
Perceived opportunity Perceived pressure
Perceived non-shareable financial
Performance
need
, Don't know?
2 of 59
Term
A company's cashier is updating sales transactions in the accounting
software. When the cashier accidentally enters the item name in the
amount field, the software gives an error and prompts to enter a
numerical value. Which type of control is described in this scenario?
Give this one a try later!
Programmed edit checks Accuracy checks
Reasonableness check Hash totals
Don't know?
3 of 59
Term
Whose responsibility is it to develop and maintain a quality
assurance and improvement program in an organization?
Give this one a try later!
, The board of directors The external auditor
The chief audit executive The chief compliance officer
Don't know?
4 of 59
Term
A newly incorporated company establishes an audit committee to
provide oversight of the internal audit function, the annual financial
reporting process, and the company's internal control structure.Which
type of control is the company implementing?
Give this one a try later!
Systems software control Transaction-level control
Processing control Entity-level control
Don't know?
5 of 59
Term
, What is an example of an ongoing nonindependent monitoring
activity?
Give this one a try later!
Reconciliation activities Control activities
Internal audit function activities Fraud prevention activities
Don't know?
6 of 59
Term
What is the responsibility of the information processing employees
in an organization?
Give this one a try later!
Managing centralized IT
resources and performing the Developing strategic marketing
routine input, processing, and campaigns and initiatives
output activities
Managing human resources and Overseeing organizational financial
employee benefits programs planning and budgeting
