Internal Auditing | Revision 1

Internal Auditing | Revision 1

1st - 5th Grade

15 Qs

quiz-placeholder

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Internal Auditing | Revision 1

Internal Auditing | Revision 1

Assessment

Quiz

Arts

1st - 5th Grade

Practice Problem

Hard

Created by

Muhamad Zulkifli

Used 29+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is an internal audit?

Check, compare, communicate and consult.

Check, compute, communicate and consult.

Cheat, compare, communicate and consult.

Check, compare, community and consult.

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

To ensure independence, it is important for internal auditors to be part of the management hierarchy.

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The cornerstones of effective corporate governance are:

audit committee

management

external auditors

All options are correct.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What do Internal Auditors do?

Determining if entities are not complying with applicable laws.

Preparing financial statement and ensure its accuracy and proper treatment.

One option is correct.

Both options are correct.

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

IPPF stands for:

International Professional Practices Foundation

International Profession Practices Framework

International Professional Practical Framework

International Professional Practices Framework

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following(s) is/are core principles for the Professional Practice of Internal Auditing:

Demonstrates integrity.

Communicates efficiently.

Is subjective and free from undue influence .

All options are correct.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Why do we have IPPF standards?

Provide the principles that represent the practice of external auditing as it should be.

Foster improved External Audit process and operations.

Both options are correct.

Both options are incorrect.

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