
FA Exercise 2.0-A
Quiz
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Other
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Professional Development
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Practice Problem
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Medium
COA IX
Used 2+ times
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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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