Internal Auditing and Systems Controls Paper 7

1

An external auditor’s primary consideration when assessing a company’s internal control structure policies and procedures is whether they






2

Which one of the following statements most accurately explains the difference between the internal audit department’s responsibilities in reviewing compliance and their responsibilities in operational auditing?






3

Accounting control should provide reasonable assurance about the achievement of management’s objectives. The concept of internal controls providing “reasonable assurance” recognizes that






4

In a compliance audit, the internal auditor is most likely to






5

Which one of the following statements best describes the objective of an operational audit?






6

Which one of the following best represents an example of information that internal auditors should report to the board of directors?






7

When determining which controls to audit, an internal auditor should focus primarily on the relevance of those controls to the






8

In order to achieve independence, the internal audit function should






9

Which of the following is not a threat to information systems?






10

Data processed by a computer system are usually transferred to some form of output medium for storage. However, the presence of computerized output does not, in and of itself, ensure the output’s accuracy, completeness, or authenticity. For this assurance, various controls are needed. The major types of controls for this area include






Result

Total Questions:
Correct Answers:
Wrong Answers:
Percentage: