WorksheetsDIP OHS Monday 28-02-2-2022
Total questions: 15
Worksheet time: 8mins
A _________________ is any source of potential damage on someone.
harm
hazard
risk
Workplace hazards can come from one source only.
True
False
The chance or probability that a person will be harmed if exposed to a hazard.
risk assessment
hazard
risk
Which of the following is a risk factor?
stomachache
skin contact with a dangerous chemical
lateness
What is the purpose of a risk assessment?
To generate more paperwork
Create work for the designated safety officers
Proportion blame in the event of an accident occurring
To evaluate hazards and to minimise the levels of its risk
Risk assessments are a legal requirement?
True
False
You must have a written record of your risk assessment if you employ how many people?
2 or more
5 or more
10 or more
25 or more
When would you need to update / renew your risk assessment?
When a piece of new equipment is installed
When an employee leaves the company
After one year
When expecting a HSE visit
What is the "Auditor Opinion" if the auditor believes that the company's financial statements are sound and free from material misstatements?
Qualified
Unqualified
Adverse
Emphasis of Matter
Hierarchy for Auditor Opinion is:
Qualified
Unqualified
Emphasis of Matter
True
False
Audit procedures may be performed:
throughout the period being audited with emphasis on the transactions near the end.
shortly after the close of the period being audited.
early in the accounting period being audited.
during all three of the above periods.
Gary uses information he has obtained to assess the risk of material misstatement at the financial statement level and the relevant assertion level. What part of the risk assessment process is this?
Performing procedures
Obtaining an understanding
Making decisions and judgements
In which of the following scenarios has the auditor correctly performed his or her risk assessment procedures?
In all of her audit engagements, Julie makes inquiries of the client's management, its accounting department, its sales and marketing staff, and its in-house legal counsel.
David uses information gathered about a misstatement in last year's audit to help assess risks of material misstatement in the current audit.
Arthur determines all the risk assessment procedures that he will perform over the course of his current audit engagement before he begins the audit.
Sue evaluates the design and implementation of her audit client's internal control using inquiry as her only risk assessment procedure.
Which of the following auditors has dealt with an aspect of walkthroughs in the best way?
Andrea uses different transactions and tests each control separately.
Kevin performs walkhthroughs on transactions selected for him by his audit client.
Ruben uses inquiry, observation, and document inspection during his walkthrough.
Matt elects not to perform a walkthrough, despite a high risk of material misstatment.
Jun is engaged to audit the financial statements of a small business. As part of his audit, Jun must obtain an understanding of his client's entity-level controls. One of the control objectives Jun evaluates to obtain this understanding is whether his client's human resource policies and procedures send employees messages about expected levels of integrity, ethical behavior, and competence. What element of internal control does this control objectivity apply to?
Control environment
Risk assessment
Information and communication
Monitoring
