#WHAT IS AN ICQ SERIES#

It is used to evaluate the effectiveness of the system. ICEQ is a standard set of questions designed to find out if control objectives have been achieved.The auditor would want the answer вЂYesвЂ™ to both questions.

#WHAT IS AN ICQ SERIES#

Based on the answers, the auditor will design a series of tests, known as audit programme.Д®xample: вЂAre purchases authorized by a responsible officer?вЂ™ or вЂAre goods counted and inspected as they are received?вЂ™ The answer вЂYesвЂ™ means that a control procedure is present. The clientвЂ™s staff should answer in вЂYesвЂ™ or вЂNoвЂ™. It enables the auditor to identify areas of weakness as well as controls.

ICQ is a list of questions which the auditor asks the clientвЂ™s staff to enable him to identify specific control procedures within the system.

Your answer is not quite accurate, particularly in ICEQ. Thank you for ur consideration, looking forward for a reply soon. I would like to know to what extent is my answer is correct and how many marks will I be able to score in such a question. The answer in the kit is completely different from mine.

Answer вЂYesвЂ™ means there is a high risk fraud & error while answer вЂNoвЂ™ means there is a low risk of fraud & error.Д®xample: Can purchases take place without the authorization of responsible officer? ICEQ is a standard set of question answered by the auditor himself to ensure that the control objectives have been achieved.Based on the answers, the auditor will design a series of tests, known as audit programme.Д®xample: Are purchases authorized by a responsible officer?

ICQ is a list of question which the auditor asks the clientвЂ™s staff to enable him to identify controls within the system.

вЂ“ Explain what is meant by вЂICQвЂ™ and вЂICEQвЂ™?ДЇor each type of questionnaire, give one example of a question that might be included in respect of the purchases cycle. There is a question in BPP Revision kit, the question is as follows: