Summer Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: exc65

To test transactions for errors, which tool is used by using confirmation technique?

A.

Checklists

B.

Control evaluation tables

C.

Audit software

D.

Sampling software

Effective and efficient use of the entity’s resources is called:

A.

Resource control

B.

Resource utilization

C.

Operations controls

D.

Compliance control

Which of the following is NOT the technique for risk management?

A.

Transfer

B.

Manage

C.

Investigate

D.

Accept

The delegation of authority is not well appropriate in relation to the assignment of responsibility.

A.

True

B.

False

Which of the following is correct?

A.

External control is geared to the achievement of objectives in one or more dispersed categories.

B.

Internal control is geared to the achievement of objectives in one or more separate but overlapping categories.

C.

External control is geared to the achievement of objectives in one or more separate but overlapping categories.

D.

Internal control is geared to the achievement of objectives in one or more dispersed categories.

Which of the following is NOT the external factor that could affect the organization?

A.

activities or initiatives by industry competitors

B.

changes in production quotas or deadlines

C.

economic shifts

D.

technological advancements

Good team communication, leadership, environment of trust and respect, good management are all factors of:

A.

Managerial acts

B.

Ethical conducts

C.

Enhanced operational conducts

D.

Open voting

A process to identify, assess, manage and control potential events in order to provide reasonable assurance regarding the achievement of the organization’s objectives is called:

A.

Activity management

B.

Risk management

C.

Control management

D.

Accomplish management

Work group participants may be suspicious and even hostile, seeing CSA as a management ploy to find out more about them, when:

A.

auditor implements several critical points with respect to use of CSA

B.

auditor doesn’t able to recognize several critical points with respect to use of CSA

C.

auditor reports several critical points with respect to use of CSA

D.

auditor recognizes several critical points with respect to use of CSA

The CSA process that results in identification of fraud indicators as well as actual fraudulent activities is called:

A.

Fraudulent statements

B.

Reduced risk of fraud

C.

Accountability and control

D.

Natural reluctance to change