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WorksheetsKiểm NB Chương 1
Total questions: 45
Worksheet time: 23mins
Which of the following is mandatory guidance within the IPPF?
Implementation guidance.
Supplemental guidance.
The value proposition.
The core principles.
In the context of internal audit, business objectives are categorized as: Strategic objectives; Operations objectives; Reporting objectives; Compliance objectives. Example: “Record only valid sales
transactions”. What categorization of business objectives is being illustrated?
Strategic objectives
Operations objectives
Reporting objectives
Compliance objectives
What are the inherent personal qualities of internal auditors?
Flexibility
Passion
Initiative
Creativity
All of the above
Independent outside auditors provide financial reporting assurance services primarily for:
The benefit of third parties.
Management.
Board of directors.
The CEO.
In the context of internal audit, business objectives are categorized as: Strategic objectives; Operations objectives; Reporting objectives; Compliance objectives. Example: “Ship all orders no later than 24 hours after receiving the orders”. What categorization of business objectives is being illustrated?
Strategic objectives
Operations objectives
Reporting objectives
Compliance objectives
“Educating practitioners and other relevant audiences on best practices in internal auditing” is not the mission of IIA?
True
False
Which of the following are components of the definition of internal auditing?
Helping the organization accomplish its objectives.
Independence and objectivity.
A systematic and disciplined approach.
All of the above
What is the value proposition of internal audit?
Assurance, Insight and objectivity
Assurance, Insight and independence
Consulting, Insight and independence
Consulting, Insight and objectivity
Who is responsible for conducting the governance process?
Board of director
Management
Internal audit function
Which of the following is one of the 5 Cs essential to success as an internal auditor?
Consistency.
Collaboration.
Connectivity
In the context of internal audit, business objectives would not be classified into any of the following categories
Strategic objectives
Profit objectives
Reporting objectives
Compliance objectives
Which of the following is one of the 5 Cs essential to success as an internal auditor?
Consistency.
Competence
Collaboration.
Honesty
In the context of internal audit, business objectives are categorized as: Strategic objectives; Operations objectives; Reporting objectives; Compliance objectives. Example: “Grow the organization's market share, by acquiring complementary businesses”. What categorization of business objectives is being illustrated?
Strategic objectives
Operations objectives
Reporting objectives
Compliance objectives
Who/which function in the company is responsible for evaluating and improving the governance, risk management an control process?
Board of director
Management
Internal audit function
Which of the following are components of the definition of internal auditing?
Helping the organization accomplish its objectives.
Independence and objectivity.
Assurance and consulting activity designed to add value and improve operations.
Evaluating and improving the effectiveness of risk management, control, and governance processes
All of the above
Which of the following is the premier certification sponsored by The IIA?
Certification in Control Self-Assessment.
Certification in Risk Management Assessment.
Certified Information Systems Auditor
Certified Internal Auditor.
One of the IIA's missions is “Providing comprehensive professional education and development opportunities, standards and other professional practice guidance, and certification programs” true or false?
True
False
Internal auditors also provide insight through a variety of consulting activities. These consulting activities include which of the following?
Advisory services designed to provide guidance on effective governance, risk management, and control processes.
Facilitative services through which internal auditors facilitate exercises designed to encourage sound governance, risk management, and control processes.
Training on current and emerging governance, risk management, and control process concepts
All of the above
None of the above
One of the IIA's missions is “Bringing together internal auditors from all countries to share information and experiences” is not the mission of IIA?
True
False
Assurance, Insight, and Objectivity comprise:
The mission of internal auditing.
The three lines of defense model.
The objectives of internal auditing.
The value proposition.
Which of the following are components of the definition of internal auditing?
Helping the organization accomplish its objectives.
Independence and objectivity.
A systematic and disciplined approach.
Evaluating and improving the effectiveness of risk management, control, and governance processes
All of the above
Within the context of internal auditing, business objectives are categorized as:
Strategic objectives
Operations objectives
Reporting objectives
Compliance objectives
All of the above
Internal auditors provide insight by using a wide variety of procedures to test the design adequacy and operating effectiveness of the organization's governance, risk management, and control processes. These procedures include which of the following?
Inquiring of managers and employees.
Observing activities.
Inspecting resources and documents.
Reperforming control activities.
All of the above
Internal auditors provide insight by using a wide variety of procedures to test the design adequacy and operating effectiveness of the organization's governance, risk management, and control processes. These procedures include which of the following?
Performing trend and ratio analysis.
Performing data analysis using computer-assisted audit techniques.
Gathering corroborating information from independent third parties.
Performing direct tests of events and transactions.
All of the above
Within the context of internal auditing, assurance services are best defined as:
Objective examinations of evidence for the purpose of providing independent assessments.
Advisory services intended to add value and improve an organization's operations
Professional activities that measure and communicate financial and business data.
Objective evaluations of compliance with policies, plans, procedures, laws, and regulations.
In the context of internal audit, business objectives are categorized as: Strategic objectives; Operations objectives; Reporting objectives; Compliance objectives. Example: “Comply with Ministry of Natural Resources and Environment regulations ”. What categorization of business objectives is being illustrated?
Strategic objectives
Operations objectives
Reporting objectives
Compliance objectives
Internal auditors must have competent interpersonal skills. Which of the following does not represent an attribute of interpersonal skills?
Communication.
Project management.
Leadership.
Team capabilities.
Which of the following is one of the 5 Cs essential to success as an internal auditor?
Consistency.
Leadership.
Candidness
Communication
One of the IIA's missions is “Advocating and promoting the value internal audit professionals add to their organizations” true or false?
True
False
In the context of internal audit, business objectives would not be classified into any of the following categories
Marketing objectives
Operations objectives
Reporting objectives
Compliance objectives
Which of the following is a framework that can help individual internal auditors and internal audit functions assess their current competency levels and identify areas for improvement?
a. Internal Control - Integrated Framework.
b. International Professional Practices Framework.
c. The Global Internal Auditor Competency Framework.
d. Enterprise Risk Management Framework.
Which of the following is one of the 5 Cs essential to success as an internal auditor?
Consistency.
Credibility
Collaboration.
Candidness
Who is responsible for conducting the risk management and control processes?
Board of director
Management
Internal audit function
What are not the inherent personal qualities of internal auditors?
Integrity
Passion
Work ethic
Objectivity
Which of the following is recommended guidance within the IPPF?
The Definition of Internal Auditing.
The Standards.
Supplemental guidance.
None of the above
What circumstances and events have driven the demand for internal audit services to increase significantly over the past 30 years:
Globalization
Increasingly complex corporate structures,
E-commerce and
Other technological advances, and
A global economic downturn.
All of the above
ABC Company's new Chief financial officer (CFO) has asked the company's Chief audit executive (CAE) to meet with him to discuss the role of the internal audit function. The CAE should inform the CFO that the overall responsibility of internal audit is to:
Determine whether the company's system of internal controls provides reasonable assurance that information is effectively and efficiently communicated to management.
Assess the company's methods for safeguarding its assets and, as appropriate, verify the existence of the assets
Review the integrity of financial and operating information and the methods used to accumulate and report information
Serve as an independent assurance and consulting activity designed to add value and improve the company's operations
What are the inherent personal qualities of internal auditors?
Integrity
Passion
Work ethic
Curiosity
All of the above
The IPPF comprises two categories of guidance: Mandatory Guidance and Recommended Guidance true or false
True
False
Which of the following is the ultimate position of a career internal auditor?
CEO.
CFO.
CRO.
CAE
Which of the following is one of the 5 Cs essential to success as an internal auditor?
a. Courage.
b. Consistency.
c. Collaboration
d. Candidness
Internal auditors provide financial reporting assurance services primarily for:
a. The benefit of third parties.
b. Management and Board of directors.
c. The CEO.
While planning an internal audit, the internal auditor obtains knowledge about the auditee to, among other things:
Develop an attitude of professional skepticism about management's assertions.
Make constructive suggestions to management concerning internal control improvements.
Develop an understanding of the auditee's objectives and risks.
Evaluate whether misstatements in the auditee's performance reports should be communicated to senior management and the audit committee.
The Internal Audit Foundation exists to help audit leaders, practitioners, students, and academics experience continuous growth in their careers to propel them to become:
a. Strong assurance providers.
b. Trusted advisors.
c. Independent outside auditors.
d. CAEs.
One of the IIA's missions is “Researching, disseminating, and promoting knowledge concerning internal auditing and its appropriate role in control, risk management, and governance to practitioners and stakeholders” true or false?
True
False
