Pre Test Internal Audit

What is the IIA standard which globally used ?

• The IIA related to the Accounting Standard
• International Standards for the Professional Practice of Internal Auditing
• The International of Internal Audit Standard
• The Internal Audit Standard for Indonesia

What is the function of IIA following its standard and mission?

• Watch Dog Role
• Watch Out the violator
• Analyze and Measure Performance
• Oversight Stakeholder

What is the Internal Audit when it comes to your mind based on the standard ?

• an independent, objective assurance and advisory service
• Evaluating emerging technologies. Analyzing opportunities. Examining global issues.
• Ability to serve the public interest.
• Provide Recommendation for Improvement

Why is Internal Audit correlate with Risk Management ?

• Internal Audit is coming from Risk Management Practice
• Internal Audit assesing risk in its activity
• Internal Audit standard is mitigate risk
• Risk management should be develop by Internal Audit

What statement is true related Professional Internal Audit ?

• an in-depth understanding of the business culture, systems, and processes
• provides assurance that the organization’s control processes are adequate to mitigate its risks
• governance processes are effective and efficient
• organizational goals and objectives are met

What is history of Internal Audit become the professional field?

• Development of Professional Training Instructor in Florida
• President of United States of America who order in the Governance Charter in 1914
• Evolved practice of the Accounting Method
• Wilingness of the Accountant Profession Body in the North America

What is the reporting parties ?

• Board of Directors
• Stakeholders
• Vice President
• Shareholders

What is the standard writing of audit result ?

• Condition, Cause/Impact, Recommendation
• Depend of the BoD order based on the audit program
• Format, Font Size, Paragraph, Language is standardize in the Audit Charter
• Determined by the Leader of Audit Project case by case

Why is State Owned Company have audit function in its organization ?

• Regulated in the Law No. 40 year of 2007 of Limited Company related the basic standard of the company
• Regulated in the Law No. 19 year of 1999 of BUMN related A supervisory unit is established, acting as the company's internal oversight authority
• Regulation OJK No. 56/POJK.04/2015, dated December 23, 2015, regarding the Establishment and Guidelines for the Preparation of the Internal Audit Unit Charter.
• Government Regulation of the Republic of Indonesia No. 12 of 1998, dated January 17, 1998, concerning Limited Liability Companies, as outlined in Chapter III – Internal Supervision Unit.

Who communicate the audit report?

• Supervisor of Internal Auditor
• Chief of Internal Audit
• Manager of Internal Audit
• Board of Director