Cga Mu1 Assignment 1 Answer

 

INTERNAL AUDITING & CONTROLSREVIEW QUESTIONSMODULE 4

MULTIPLE CHOICE 

Select the

best answer 

for each of the following unrelated items. Answer 

each

of these items

in your examination booklet 

by giving the number of your choice. For example, if the best answer for item (a) is (1),write (a)(1) in your examination booklet. If more than one answer is given for an item, that item will not bemarked. Incorrect answers will be marked as zero. Marks will not be awarded for explanations.a)

Which of the following correctly identifies the phases of the internal auditing process?1)

Risk assessment, planning, reporting, and monitoring2)

Risk assessment, planning, interviewing, and reporting3)

Planning, examination, interviewing and reporting

4)

Planning, examination, reporting, and monitoring

 b)

Which of the following is part of the internal audit planning phase?

1)

Risk-based planning, long-term planning, and short-term planning

2)

Long-term planning, short-term planning, and report preparation

3)

Gain knowledge of the organization, risk-based planning, and long-term planning

4)

Long-term planning, short-term planning, and engagement planning

c)

Which of the following is part of the four-step approach to preparing a long-term audit plan?

1)

Gain knowledge of the business

2)

Plan the audit engagement

3)

Determine the frequency of audits

4)

Determine and allocate resources

d)

Which of the following

best 

describes risk assessment factors to be considered in a long-term audit plan?

1)

Likelihood of occurrence and impact of potential negative consequences

2)

Likelihood of occurrence and costs associated with risk management

3)

Knowledge of business and impact of potential negative consequences

4)

Knowledge of business and costs associated with risk management

e)

Which of the following best describes the difference in perspectives of the audit universe that themanagement auditor must take into account when preparing a long-term plan?1)

The functional approach defines the universe by activities such as payroll, purchasing, andso on, while the organizational approach defines the universe by units such as division,geographic location, department, etc.2)

The organizational approach defines the universe by activities such as payroll, purchasing,and so on, while the functional approach defines the universe by units such as division,geographic location, department, etc.3)

The controllability approach defines the universe by the ability of those in theorganization to control specific risks, while the organizational approach defines theuniverse by units such as division, geographic location, department, etc.4)

The functional approach defines the universe by activities such as payroll, purchasing, andso on, while the practical approach defines the universe by evaluation of the nature andcomplexity of the engagement assignment, time constraints, and available resources.

У Чатрукьяна ком застрял в горле. Он молчал. - Ну ладно, - вздохнул Стратмор.  - Похоже, вышла какая-то путаница.  - Он положил руку на плечо Чатрукьяна и проводил его к двери.

0 comments

Leave a Reply

Your email address will not be published. Required fields are marked *