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Recap Staff 2 - D3

Authored by Phương Đỗ

Other

Professional Development

Used 2+ times

Recap Staff 2 - D3
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14 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is NOT a method to test control?

Inquiry
Observation
Inspection
Validation

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which option is not recommended to appropriately document control attributes?

Understand if the control is performed by an IT application or an individual or both
Design additional compensation control to address to risk
Understand what the objective of the control is

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

We perform test of controls:

In every audit
When we intend to rely on controls
When we access that controls are effective and therefore can reduce substantive procedures

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If we use control-reliance approach to a SCOTs, we:

We test relevant controls to address each WCGW for each relevant assertion
We test all controls designed within that SCOT
We test selected controls based on professional judgement

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is not an action to take if we discover errors in a test of controls sample?

Make specific inquiries and investigate the nature and cause of the exception
Waive the control-reliance strategy and return to substantive approach
Reconsider our assessment of the risk associated with the control

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

IPE risks can be addressed by?

Testing controls over the creation of the IPE
Substantively testing the IPE
Using a combination of tests of controls and substantive testing
All are correct

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is not IPE risk?

Data process create the incomplete, inaccurate data
EUC tool is broken in the transfer
Data is modified or lost in the transfer
The data extracted is not intended data

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