> For the complete documentation index, see [llms.txt](https://doc.montoyer.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.montoyer.com/competitions/epso-ad-428-26/qcm-epso-ad-428-26/qcm-reserve-pool.md).

# QCM Reserve pool

10 items covering methodology, knowledge management and quality assurance — the clusters thinnest in Papers A to C. Untimed.

**1. (Q91)** Before deploying a new data analytics tool for audit use, the first matters to settle are:

* **A.** The licensing cost and the number of user seats.
* **B.** The visual presentation of the outputs in reports.
* **C.** The training schedule for the whole audit function.
* **D.** Reliable access to the source data, the quality of that data, and validation that the tool's logic produces correct and reproducible results.

<details>

<summary> <strong>D</strong> — Reliable data access, data quality, and validation that the tool's logic gives correct and reproducible results all precede rollout, training and presentation.</summary>

</details>

***

**2. (Q92)** The main risk attached to standardised audit programmes is that:

* **A.** They cannot be applied to performance audits.
* **B.** They may be applied mechanically without tailoring to the specific risks of the entity or process audited.
* **C.** They prevent the use of data analytics.
* **D.** They make working papers longer than necessary.

***

**3. (Q93)** *Continuous auditing* refers to:

* **A.** Auditing the same entity every year without interruption.
* **B.** Maintaining a permanent audit presence in the audited entity.
* **C.** Extending each engagement until no exceptions remain.
* **D.** Using automated, repeated testing of transactions and controls on a near-real-time basis to identify exceptions as they arise.

***

**4. (Q94)** A quality assurance and improvement programme comprises:

* **A.** External assessments only.
* **B.** The follow-up of recommendations issued to auditees.
* **C.** The review of working papers by the engagement leader.
* **D.** Internal assessments — ongoing monitoring and periodic self-assessments — together with periodic external assessments.

***

**5. (Q95)** Under the Global Internal Audit Standards, an external quality assessment must be obtained:

* **A.** Annually.
* **B.** At least once every three years.
* **C.** At least once every five years.
* **D.** Only when the board requests one.

***

**6. (Q96)** A *hot review* differs from a *cold review* in that it is performed:

* **A.** Before the report is issued, so that its outcome can still influence the engagement.
* **B.** By an external provider rather than internally.
* **C.** On performance audits only.
* **D.** Without access to the engagement working papers.

***

**7. (Q97)** An internal audit function may state that it conforms with the Global Internal Audit Standards only if:

* **A.** Its charter refers to the Standards.
* **B.** Its staff hold professional certifications.
* **C.** The results of its quality assurance and improvement programme, including external assessment, support that statement.
* **D.** No auditee has contested its findings during the period.

***

**8. (Q98)** A peer review of a supreme audit institution is:

* **A.** A statutory audit of the institution's own accounts.
* **B.** A review by the national parliament of the institution's performance.
* **C.** A voluntary external assessment of its systems, methodology or work, conducted by one or more other supreme audit institutions against agreed standards.
* **D.** An internal quality control exercise using the institution's own staff.

***

**9. (Q99)** Where an engagement has not conformed with an applicable standard, the auditor should:

* **A.** Disclose in the report which standard was not complied with, the reason, and the effect on the engagement.
* **B.** Omit any reference to the standards in the report.
* **C.** Downgrade the engagement from an audit to a review.
* **D.** Refrain from issuing conclusions.

***

**10. (Q100)** The provider of an external quality assessment must be:

* **A.** A member of the same professional institute as the chief audit executive.
* **B.** Qualified and competent in internal audit practice and the Standards, and independent of the organisation and free from conflicts of interest.
* **C.** Appointed by senior management rather than the board.
* **D.** A firm that also provides the organisation's external audit, to ensure consistency.

***