PFMCP IA Track - 30 Nov 2023

All are types of internal audit, except

• Compliance Audit

• Financial Audit

• Management Audit

• Operations Audit

This is the separate evaluation of the effectiveness of internal controls adopted in the operating and support services units/systems whether or not they achieve the control objectives

• Operations Audit

• Management Audit

• Financial Audit

Complete the Audit Process:

1. 1. Audit Planning

2. 2. Audit _________

3. 3. Audit Reporting

4. 4. Audit Follow-Up

Refers to the evaluation of management controls

and operations performance, and the determination

of the degree of compliance of internal controls with

laws, regulations, managerial policies, accountability

measures, ethical standards and contractual

obligations.

• Internal Control

• Internal Audit

• External Audit

Compliance audit is the evaluation of the ______ of compliance of supervision or control with laws, regulations, managerial policies, systems and processes of government,

This type of audit refers to the separate evaluation of the outcome, output, process and input to determine whether government operations, programs and projects are 4Es.

• Management Audit

• Operations Audit

• External Audit

True or False?

The internal auditors can conduct audit on the expenditures or uses of government funds and properties of the agency.

• True

• False

Who is responsible for ensuring that the Internal Audit Unit fully discharges its internal audit function?

• Internal Auditors

• Auditees

• Department Secretary/Head of Agency or Governing Board/Audit

  Committee

True or False?

The Internal Audit Unit has full, free and unrestricted access to all functions, premises, assets, personnel, records, and other documents and information as authorized by the Head of Agency.

• True

• False

Internal auditors could report ONLY to the supervising official (Undersecretary/Assistant Secretary)

• Yes

• No