KCw and Life - Quiz 7

Which of the following is NOT a procedure engagement teams can perform to develop their initial risk assessment?

• Considering past audits

• Inquiring of those charged with governance

• Performing analytical procedures

• Addressing process risk points in an entity’s business processes

Which of the following is NOT a step you follow when you identify a deficiency in CERAMIC controls?

• Conclude if there is a deficiency and evaluate its severity.

• Consider how the deficiency affects how you identify and assess risks of misstatement.

• Determine audit procedures to perform in response to risks identified.

• Perform an analysis of the material weakness.

Which of the following is NOT true when considering the definition of an RMM and significant risk?

• RMM’s and significant risks are associated with significant accounts and assertions.

• A significant risk is an RMM with a significant inherent risk as evaluated on the risk continuum.

• Size and composition of the account is a relevant factor in assessing the inherent risk related to a potential RMM and significant risk.

• Whether the risk is related to recent significant economic, accounting, or other developments and therefore requires specific attention is a relevant factor in assessing whether an identified risk represents a potential RMM.

Which data elements are not relevant data elements (in the context of information being used in the audit)?

(i) All data elements that you intend to use in your audit response.

(ii) All data elements that are summarized into a report or other document (i.e. information).

(iii) All data elements that are relied upon by management in the performance of a control

• I

• II

• III

Which of the following questions do you ask when evaluating relevance?

• What are the circumstances under which the information is obtained?

• Is the information sufficiently precise and detailed to achieve the objective of the audit procedure?

• What are the source and nature of the information?

• Is the information internally sourced, or externally sourced?

How many award at VTV awards 2021?

• 9

• 10

• 11

• 12

FIFA World Cup 2022 will be held in

• 
• 
• 
• 

The first book of Harry Potter, the mystery novels written by J.K.Rowling, published in

• 1997

• 1998

• 1999

• 1996

Vietnamese Physicians' Day is

• 27 Jan

• 27 Feb

• 27 Mar

• 27 Apr

"Mùa nước nổi" in Mekong Delta usually begin from which month in moon calendar

• July

• August

• June

• September