MHRA 'ICQA', All Acronyms, 10 November 2022, Bluebook All Acronyms, ICQA (Nov. ICQA, All Acronyms, viewed November 10, 2022, MLA All Acronyms. Retrieved November 10, 2022, from Chicago All Acronyms. Answer ‘Yes’ means the control objective has not been met ‘No’ means the control objective has been met.Facebook Twitter Linkedin Quote Copy APA All Acronyms.
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 ‘Yes’ to both questions. Based on the answers, the auditor will design a series of tests, known as audit programme.Įxample: ‘Are purchases authorized by a responsible officer?’ or ‘Are goods counted and inspected as they are received?’ The answer ‘Yes’ means that a control procedure is present. The client’s staff should answer in ‘Yes’ or ‘No’. It enables the auditor to identify areas of weakness as well as controls. ICQ is a list of questions which the auditor asks the client’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 ‘Yes’ means there is a high risk fraud & error while answer ‘No’ means there is a low risk of fraud & error.Įxample: 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.Įxample: Are purchases authorized by a responsible officer? 
ICQ is a list of question which the auditor asks the client’s staff to enable him to identify controls within the system. Q: What to do if problem is at server If is actually down then you can resolve the issue by doing following: Wait for the site going up again. – Explain what is meant by ‘ICQ’ and ‘ICEQ’?įor each type of questionnaire, give one example of a question that might be included in respect of the purchases cycle. If is up actually and appears down only for you then follow these troubleshooting steps or you can search for an alternative. There is a question in BPP Revision kit, the question is as follows:
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