WorksheetsEC, TYPES OF AUDIT, AEP
Total questions: 8
Worksheet time: 40secs
It is a separate evaluation of the effectiveness of the internal controls adapted in the operating and support services units/systems, whether it achieves the control objective over a specific date or period of time.
Compliance audit
Management audit
Compliance review
Compliance audit
All of the activities are conducted during an Exit Conference/Closing Meeting, except:
Advise that the audit evidence collected was based on a sample of the information
To show any related post-audit activities
To present how the audit findings should be addressed
To explain the consequences if the initial audit findings are not addressed
To present the 4Cs
It is a separate evaluation of the outcome, output, process and input to determine whether government operations, including management and personnel structure in programs/projects are effective, efficient, ethical and economical.
Operations audit
Compliance audit
Management audit
Internal Quality Audit
Compliance audit is the necessary 1st step before we conduct a management or operations audit.
True
False
It is the evaluation of the degree of compliance of supervision or control with laws, regulations, managerial policies, systems and processes of government, including compliance with accountability measures, ethical standards and contractual obligations.
Compliance review
Management audit
Operations audit
Compliance audit
What is the 1st Phase of Audit Process?
Audit Engagement Planning
Audit Execution
Audit Reporting
Audit Follow-up
It is the periodic review conducted by the heads of operating and support offices/units to ensure that operations and processes are in compliance with laws, regulations, policies, procedures, or other requirements.
Management audit
Compliance audit
Compliance review
Operations audit
It is enough that a unit regularly reviews the level of its performance. It should not undertake review of its compliance with laws and regulations, among others.
True
False
