ACCA Advanced Audit and Assurance (AAA) Practice Exam

How do checklists differ from questionnaires?

1. Checklists ask questions while questionnaires make assertions.

2. Checklists use statements for evaluation instead of questions.

3. Checklists are less structured than questionnaires.

4. Checklists are specifically for management assessments.

The correct answer is: Checklists use statements for evaluation instead of questions.

The distinction highlighted in the correct answer underscores the functional difference in how checklists and questionnaires are structured. Checklists are designed primarily as a series of statements or items that need to be confirmed or completed, allowing auditors or users to evaluate compliance with certain criteria or standards. They facilitate a straightforward process of marking items as checked or unchecked, which can be particularly effective in ensuring that all necessary elements have been considered. In contrast, questionnaires are typically framed to gather more detailed information and often ask open-ended or specific questions. They are intended to elicit responses that can provide insights, opinions, or detailed data from respondents. This fundamental difference in approach allows checklists to serve their purpose of verification efficiently, while questionnaires focus on data collection through inquiry. Understanding this contrast helps provide clarity on when to appropriately use each tool in audit processes or assessments, thereby enhancing the effectiveness of both that practitioners employ during their evaluations.