INTERN QUIZIZZ

1. What is walkthough procedure ?

• A. An audit procedure designed for a controls reliance strategy to evaluate the operating effectiveness of controls in preventing, or detecting and correcting, material misstatements at the assertion level throughout the period of reliance

• B. Procedures are delivered to your engagement based on the profile of the engagement

• C. Procedures to confirm our understanding of a SCOT or significant disclosure process and to confirm the points where data is, or should be captured, transferred or modified

• D. All of above

2. How many phase in audit program according to EY GAM ?

• A. 2

• B. 3

• C. 4

• D. 5

3. What are the steps to enter a canvas when receive invite from senior ?

• A. Notification center > complete independence > search name of job

• B. Complete independence > search name of job > notification center

• C. Search name of job > notification center > complete independence

• D. Complete independence> notification center > search name of job

4. What the step of critical path of SCOTs?

• A. Initiation > Processing > Recording > reporting

• B. Processing > Recording > Initiation > reporting

• C. Recording > Reporting > Processing > Initiation

• D. Reporting > Processing > Initiation > Recording

5. How many the type of control in categories of controls?

• A. 2 type: Manual control and Application control

• B. 3 type: Manual control, IT - dependent manual controls, and Application control

• C. 1 type: IT - dependent manual controls

• D. None all of above

6. Choose the true statements?

• A. Cash equivalents are long-term, lowly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

• B. Cash equivalents are long-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an significant risk of changes in value.

• C. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

• D. Cash equivalents are short-term, lowly liquid investments that are readily convertible to known amounts of cash and which are subject to a significant risk of changes in value.

7. Which assertion is not associated to cash and cash equivalents?

• A. Completeness

• B. Valuation

• C. Right & Obligation

• D. Occurence

8. Which assertion can be addressed by sending bank confirmation?

• A. Existence and completeness

• B. Right & obligation

• C. Valuation, presentation & disclosure

• D. All of the above

9. Could bank confirmation be sent by audit's client on behalf of auditor?

• A. Yes

• B. No

10. Who has the responsibility for signing on cash count minute?

• A. Accountant and auditor

• B. Treasurer and accountant

• C. Treasurer and auditor

• D. Treasurer, auditor and accountant