Comprehensive Roleplay: Internal Audit
Quiz
•
Business
•
University
•
Practice Problem
•
Easy
DANIAL FAIZUL
Used 5+ times
FREE Resource
Enhance your content in a minute
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What is the first step in the purchasing process as described by Mr. Faris?
Evaluating and verifying vendor qualifications
Identifying the need for a product or service
Creating a purchase order
Reviewing vendor performance
2.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What is the primary role of the internal auditor team?
To manage the purchasing department
To ensure compliance with vendor selection policies
To provide independent assurance of risk management and internal controls
To oversee the senior management
3.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
During the audit, which of the following documents did Mr. Faris provide to the auditors?
Budget reports
Sales forecasts
Requisition forms and vendor qualifications
Marketing plans
4.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What challenge did Ms. Ifah suggest could be mitigated by using comprehensive audit checklists and templates?
Ensuring compliance with food safety standards
Streamlining the review process of complex documentation
Improving vendor relationships
Reducing procurement costs
5.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
According to Mr. Faris, why was there incomplete and missing documentation related to vendor selection?
Lack of clear communication between departments
Insufficient budget for documentation
Vendor non-compliance
Overly complex procurement policies
6.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
Ms. Nurin emphasized the importance of which aspect in the vendor selection process?
Competitive pricing
Delivery speed
Regulatory compliance
Vendor location
7.
MULTIPLE CHOICE QUESTION
20 sec • 10 pts
What solution did Mr. Syahid suggest to address resistance to change within the purchasing department?
Increasing salaries
Involving affected teams in decision-making and providing training
Hiring more staff
Reducing audit frequency
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
PFM7 - P/E and PEG Ratios
Quiz
•
University
15 questions
QUIZ 3 : TOPIC 11 [INCOMPLETE RECORDS & SINGLE ENTRY]
Quiz
•
1st Grade - University
10 questions
MKT243 - CHAP 1
Quiz
•
University
15 questions
ENTREPRENEURIAL MIND
Quiz
•
University
10 questions
FO 101: Types of Accommodation
Quiz
•
University
10 questions
Public Mutual Biz
Quiz
•
1st Grade - Professio...
11 questions
Government Influence on Trade
Quiz
•
University
10 questions
internships
Quiz
•
University - Professi...
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade
Discover more resources for Business
7 questions
How James Brown Invented Funk
Interactive video
•
10th Grade - University
5 questions
Helping Build the Internet: Valerie Thomas | Great Minds
Interactive video
•
11th Grade - University
12 questions
IREAD Week 4 - Review
Quiz
•
3rd Grade - University
23 questions
Subject Verb Agreement
Quiz
•
9th Grade - University
7 questions
Renewable and Nonrenewable Resources
Interactive video
•
4th Grade - University
19 questions
Review2-TEACHER
Quiz
•
University
15 questions
Pre2_STUDENT
Quiz
•
University
20 questions
Ch. 7 Quadrilateral Quiz Review
Quiz
•
KG - University
