Internal Auditing and Systems Controls Paper 1

1

From a modern internal auditing perspective, which one of the following statements represents the most important benefit of an internal auditing activity to management?






2

The proper organizational role of internal auditing is to






3

Internal auditing is an assurance and consulting activity. An example of an assurance service is a(n)






4

A charter is one of the more important factors positively affecting the internal audit activity’s independence. Which of the following is least likely to be part of the charter?






5

The purpose of the internal audit activity’s evaluation of the effectiveness of existing risk management processes is to determine that






6

Internal auditing is a dynamic profession. Which of the following best describes the scope of internal auditing as it has developed to date?






7

The authority of the internal audit activity is limited to that granted by






8

Which of the following activities is outside the scope of internal auditing?






9

Directors, management, external auditors, and internal auditors all play important roles in creating proper control processes. Senior management is primarily responsible for






10

The chief audit executive’s responsibility for assessing and reporting on control processes includes






Result

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