
Operational Auditing Prelim Exam
Authored by Lito Jose Perez Lalantacon
Business
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29 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What are the "Three Es" of operational auditing?
Economy, Efficiency, and Equity
Economy, Efficiency, and Effectiveness
Effectiveness, Economy, and Environment
Efficiency, Equity, and Ethics
2.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is the purpose of the Revenue Process?
To manage employee payroll
To acquire goods and services
To exchange products and services for cash
To report results to management and investors
3.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What does SAPG stand for?
Strategic Audit Performance Guide
System Analysis and Planning Guide
Standard Audit Program Guide
System Audit Program Guide
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What is a main goal of benchmarking?
To meet financial targets
To continuously improve performance
To assess inherent risk
To audit a Tokyo branch
5.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What does the Business Cycle/Processes Approach focus on?
The overall financial statements of an organization
Related economic events that may generate transactions
The performance of individual employees
The ethical behavior of management
6.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
What are the three separate areas found on a SAPG title page?
Subject matter, audit project details, and control objectives
Audit objectives, risk assessment, and interface analysis
Financial records, project timeline, and key takeaways
Company name, division, and location
7.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Which process is concerned with activities related to an organization's capital funds?
The Expenditure Process
The Revenue Process
The Treasury Process
The Financial Reporting Process
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