Internal Control Evaluation Questionnaires (2)

Question 1

Advantage of ICQs and ICEQs? (Drafted)

Answer 1

Drafted thoroughly, questionnaires can ensure all controls are considered

Question 2

Advantage of ICQs and ICEQs? (Quick)

Answer 2

Quick to prepare

Question 3

Advantage of ICQs and ICEQs? (Easy to use)

Answer 3

Easy to use and control and can therefore be given to junior staff to complete

Question 4

Advantage of ICQs and ICEQs? (Easy to apply)

Answer 4

ICEQs are easier to apply to a variety of systems than ICQs because they are drafted in terms of obejctives rather than specific controls

Question 5

Advantage of ICQs and ICEQs? (identify)

Answer 5

Identify the direct controls which they are most likely to test during control testing

Question 6

Advantage of ICQs and ICEQs? (deficiencies)

Answer 6

ICEQs can highlight deficiencies where extensive substantive procedures will be required