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Which of the following is Correct?

A.

Control environment is designed to prevent and detect errors and omissions in the conduct of routine business functions.

B.

Control activities are designed to prevent and detect errors and omissions in the conduct of routine business functions.

C.

Risk assessment is designed to prevent and detect errors and omissions in the conduct of routine business functions.

D.

Monitoring is designed to prevent and detect errors and omissions in the conduct of routine business functions.

A process affected by an entity’s board of directors, management and other personnel designed to provide reasonable assurance regarding the achievement of objectives is called:

A.

Control location

B.

Control activities

C.

Internal control

D.

External control

The ability to manage yourself and your responsibilities is called:

A.

Management awareness

B.

Achievement Orientation

C.

Conscientiousness

D.

Adaptability

Which of the following is correct?

A.

Internal audit characteristic of the internal auditor’s paradigm has internal control as its old paradigm and risk management as its new paradigm.

B.

Internal audit characteristic of the internal auditor’s paradigm has internal control as its new paradigm and cost management as its old paradigm.

C.

Internal audit response characteristic of the internal auditor’s paradigm has internal control as its old paradigm and risk management as its new paradigm.

D.

Internal audit response characteristic of the internal auditor’s paradigm has internal control as its new paradigm and risk management as its old paradigm.

Design the process to eliminate particular risks, minimizes the risks or change the nature of the risks to be faced is known as:

A.

Share the risk

B.

Control the risk

C.

Avoid the risk

D.

None of the above

__________ can be used in control self-assessment workshops in conjunction with other interactive programs such as OptionFinder to allow participants to anonymously express their opinions on the information presented.

A.

Presentation devices

B.

Seminar software

C.

Occupational software

D.

Presentation software

Which of the following is NOT the entity’s objective that is consistent with the entity’s risk appetite?

A.

Strategic

B.

Operations

C.

Reporting

D.

Internal environment

Which of the following are the methods of analyzing data in summative evaluation program?

A.

Environment analysis & Report examination

B.

Tools analysis & Contact summary forms

C.

Content analysis & Contact tests

D.

Content analysis & Contact summary forms

Change in moral environment says:

A.

require modifications of training policies or personnel rules

B.

change or increase areas of emphasis

C.

tightens controls and performance measures

D.

obtains and responds to feedback from external parties

The ongoing monitoring and reporting of the accomplishments of an organization and its progress towards achieving established objectives is called:

A.

Progression

B.

Change effectiveness

C.

Efficiency

D.

Performance measurement