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Chapter 10

Authored by Trân Ngọc

Business

3rd Grade

Used 4+ times

Chapter 10
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The COSO internal control components not include:

Control environment

Risk assessment

Control activities

Risk management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The COSO stand for :

Committee of Sponsoring Organizations

Commitment of Sponsoring Organizations

Committee of Sponsoring Operation

Committee of Sponsor Organizations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 The auditor’s responsibilities include understanding and testing internal control over financial reporting.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management responsibilities:

Management’s Responsibilities for Establishing Internal Control

Management’s section 404 reporting responsibilities

Management’s assessment of internal control

All correct

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements about the nature and extent of tests of controls are true?

(1)Inquiry alone is not sufficient to test the operating effectiveness of controls

(2)The auditor must perform test of controls if substantive procedures alone cannot provide sufficient appropriate audit evidence

Nether (1) nor (2)

Both (1) and (2)

Only (1)

Only (2)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of evidence should be gathered in testing controls?

Personal inquiries

Re-performing of client procedures

Review of documents

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To provide for the greatest degree of independence in performing internal auditing functions, an internal auditor most likely should report to the:

Financial vice-president.

Corporate controller

Audit committee

Corporate stockholders

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