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WorksheetsBT15,16 (3)
Total questions: 10
Worksheet time: 5mins
Which feature of services describe services that cannot be stored for later
(a)
Internal auditors have an unavoidable (a) problem, as they report to those people whose activities they are reporting on. Type in the missing word!
Aruzhan is preparing a seminar for the Board of Directors of the company she works for regarding internal and external audit and the differences between the two. Which TWO of the following points are correct with regards to internal and external audit?
The scope of the internal auditors’ work is determined by the management of the company, while external auditors determine the scope of their own work
Internal auditors test the organisation’s underlying transactions, while external auditors test the operations of the organisation’s systems
Internal audit and external audit are usually both legal requirements
Internal auditors can be employees of the company they audit, while external auditors must not be
InDriver is a company that operates taxis within several cities in country U and has received a number of complaints regarding the behaviour of its drivers towards passengers. One of InDriver’s marketing executives has pointed out that even if the customer’s journey is fast, cheap and reliable, customers will still see the service offered by InDriver as poor if the driver behaves poorly.
What aspect of the nature of service provision is InDriver’s marketing executive referring to?
Intangibility
Perishability
Variability
Inseparability
Which of the following is NOT a way in which an organisation’s production department would co-ordinate wi its accounting department?
Calculating charge out rates for services provided by the organisation
Calculating the budgets for the number of units to be produced
Estimation of the costs of the raw materials required for production
Decisions on the quality of raw materials that the organisation can afford to use
Zholbarys is entering customer details onto a computer system. The system requires him to log in and checks that he is allowed to enter customer details. The system also checks that he has entered all the required information about the customer. These computer system controls will NOT ensure which of the following?
Completeness
Authorisation
Validity
Identification
Consider the following two statements:
1 Responsibility for the internal controls is shared between management and the internal auditors.
2 The internal auditor’s role often includes helping to set corporate objectives and the design and monitoring of performance measures.
Which of these options is/are correct?
1 only
2 only
Both
Neither
Every evening the last person leaving the office premises needs to switch on the security alarm. This control belongs to which of the following categories?
Authorisation
Verification
Reconciliation
Physical or logical
Consider the following two statements:
1 To practice as an internal auditor, the person must be a qualified accountant.
2 There is greater flexibility in how internal audit work is done relative to external audit work, since external audit work is controlled by the law and audit standards.
Which of these options is/are correct?
1 only
2 only
Both
Neither
Which of the following actions is most likely to be considered a preventive measure?
Implementing a training program for new employees
Reviewing financial statements at the end of each month
Performing surprise audits on inventory
Setting up a system for tracking overdue accounts
