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WorksheetsIAU champions
Total questions: 15
Worksheet time: 8mins
Which of the following differs between assurance services and consulting services when exercising due professional care?
Costs and benefits
Complexity of work
Extent of work
Materiality
An exception report for management is an example of which of the following?
Preventive control.
Detective control
Corrective control
Directive control
Red flags are conditions that indicate a higher likelihood of fraud. Which of the following would not be considered a red flag?
Management has delegated the authority to make purchases under a certain monetary limit to subordinates.
An individual has held the same cash-handling job for an extended period without any rotation of duties.
An individual handling marketable securities is responsible for making the purchases, recording the purchases, and reporting any discrepancies and gains/losses to senior management.
The assignment of responsibility and accountability in the accounts receivable department is not clear.
When sampling methods are used, the concept of sufficiency of evidence means that the samples selected provide:
Reasonable assurance that they are representative of the sampled population.
The best evidence that is reasonably obtainable.
Reasonable assurance that the evidence has a logical relationship to the audit objective.
Absolute assurance that a sample is representative of the population.
According to the IIA Planning Standard, the term “risk appetite” means which of the following?
Risk avoidance
Risk limitation
Risk acceptance
Risk spreading
Which of the following risk concepts can be assumed to have no mitigating controls?
Business risk
Residual risk
Inherent risk
Current risk
An internal auditor takes a photograph of the auditee’s workplace. The photograph is a form of what kind of evidence?
Physical
Testimonial
Documentary
Analytical
Tenure of an Independent Director?
5 Years
3 Years
7 Years
1 Year
In which name Brezza is sold by Toyota?
Glanza
Hyryder
Urban Cruiser
Vitara
What is the full form of ABS, a safety technology used in cars and bikes?
All lock Braking System
Anti-lock Braking System
Anti Braking System
Anti-lock Braking Solution
Which company has partnered with a not-for-profit organisation, SEEDS to launch a community COVID-19 vaccination drive and set up COVID care centres?
Samsung
Amazon
PepsiCo
Apple Inc
The report titled 'Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat' has been launched by the NITI Aayog in collaboration with which company?
GPay
Bill & Melinda Gates Foundation
Mastercard
Paytm
Which company has regained its position as the 3rd largest Indian IT services company by market capitalization of Rs. 2.65 trillion?
Tata Motors
TCS
HCL Technologies
Wipro
Indian Oil signed MoU for hydrogen-generation technology with which institute?
IISc
IIT Kanpur
DTU
IIT Delhi
President Droupadi Murmu launched ‘herSTART’, a startup platform for women entrepreneurs in which city?
Mumbai
Ahmedabad
Varanasi
Lucknow
