WorksheetsHalal Internal Audit
Total questions: 10
Worksheet time: 50mins
Which of the following best describes the purpose of the Halal internal audit activity?
To add value and improve a halal organization’s operations
To assist management with the design and implementation of Halal’s risk management and control systems
To examine and evaluate a halal organization’s system as a service to management
To monitor the organization’s halal internal control system for the external auditors.
A Halal internal audit activity’s policy sets forth which of the following items?
Organizational structure of the Halal internal audit activity
Annual halal engagement work schedule
Halal Internal auditing objectives
Purpose, authority, and responsibility of the Halal internal audit activity.
A written Halal charter or policy approved by the board that formally defines the Halal internal audit activity’s purpose, authority, and responsibility enhances its
Exercise of due professional care
Proficiency.
Relationship with management
Independence
Which of the following most seriously compromises the independence of the halal internal audit activity?
Halal Internal auditors frequently draft revised procedures for departments whose procedures they have criticized in an engagement communication
The chief audit executive has dual reporting responsibility to the halal organization’s chief executive officer and the board of directors
Halal internal audit activity and the organization’s halal external auditors engage in joint planning of total engagement coverage to avoid duplicating each other’s work.
Halal internal audit activity is included in the review cycle of the organization’s contracts with other organizations before the contracts are executed
Which of the following statements is true with respect to due professional care?
Halal internal auditor should perform detailed tests of all transaction before communicating results
An item should not be mentioned in an engagement communication unless Halal internal auditor is certain of the item
An engagement communication should never be viewed as providing an infallible truth about a subject
Halal internal auditor has no responsibility to recommend improvements
Follow-up activity may be required to ensure that corrective action has taken place for certain observations made in a Halal assurance management engagement. Halal internal audit activity’s responsibility to perform follow-up activities as required should be defined in the
Halal Internal audit activity’s written charter or the agreement with the client
Mission statement of the halal audit committee
Engagement memo issued prior to each engagement
Purpose statement within applicable engagement communications
One of the purpose of the Standards for the Professional Practice of Halal Internal Auditing as stated in the Introduction to the current version of the Standards is to
Encourage the professionalization of halal internal auditing
Establish the independence of the halal internal audit activity and emphasize the objectivity of halal internal auditing
Encourage halal external auditors to make more extensive use of the work of internal auditors.
Establish the basis for the measurement of halal internal audit performance.
To avoid being the apparent cause of conflict between an organization’s senior management and the halal audit committee, halal chief audit officer should
Communicate all engagement results to both senior management and the halal audit committee
Strengthen the independence of the halal internal audit activity through organizational status
Discuss all reports to senior management with the halal audit committee first.
Request board approval of policies that include halal internal audit activity relationships with the audit committee.
Which of the following statements is true with respect to due professional care?
Halal internal auditor should perform detailed tests of all transactions before communicating results
An item should not be mentioned in an engagement communication unless the halal internal auditor is absolutely certain of the item
An engagement communication should never be viewed as providing an infallible truth about a subject.
Halal internal auditor has no responsibility to recommend improvements
A Halal internal auditor has some suspicion of, but no information about, potential misstatement of financial statements. Halal internal auditor has failed to exercise due professional care if (s)he
Identified potential ways in which a misstatement or non-compliance could occur and ranked the items for investigation
Informed the engagement manager of the suspicions and asked for advice on how to proceed.
Did not test for possible misstatement because the engagement work program had already been approved by engagement management
Expanded the engagement work program, without the engagement client’s approval, to address the highest ranked ways in which a misstatement may have occurred.
