FA Exercise 2.0-A

FA Exercise 2.0-A

Professional Development

10 Qs

quiz-placeholder

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FA Exercise 2.0-A

FA Exercise 2.0-A

Assessment

Quiz

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Professional Development

Practice Problem

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COA IX

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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following is a main activity under the preliminary engagement phase:

Conducting Entrance Conference

Preparing the Overall Audit Strategy

Ensuring engagement team’s independence and compliance with ethical standards

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The Revised Code of Conduct and Ethical Standards for COA Officials and Employees was prescribed under:

COA Resolution No. 2013-007

COA Resolution No. 2018-010

COA Resolution No. 2020-003

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Among the ISSAI provisions not being adopted by COA is the need for the audited agency to signify conformity with the terms of engagement. This ISSAI provision is covered under:

ISSAI 2210

ISSAI 2220

ISSAI 2260

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The auditors shall declare their independence and compliance with relevant ethical Requirements under what audit phase:

Preliminary Engagement

Planning Phase

Execution Phase

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The Auditor’s Declaration of Independence and Compliance with Relevant Ethical Requirements shall be executed by the Audit Team Member, Audit Team Leader and Supervising Auditor:

As a group

As a team

Individually

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The Auditor’s Declaration of Independence and Compliance with Relevant Ethical Requirements is prescribed under:

COA Resolution No. 2013-007

COA Resolution No. 2018-010

COA Resolution No. 2020-003

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following is a true statement:

For foreign assisted projects, the engagement letter may consider the requirements of the foreign lending institution

For foreign assisted projects, the engagement letter will consider the requirements of the foreign lending institution

For foreign assisted projects, the engagement letter need not consider the requirements of the foreign lending institution

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