Which of the following is NOT the entity’s objective that is consistent with the entity’s risk appetite?
Weak internal controls, lack of fraud policy, fiscal problems are all fraud warning signs of:
Segregation of the accounts payable, disbursement and accounting functions would define a:
Regression analysis is conducted by developing an estimating equation that describes the relationship between the dependent and independent variable.
What describes the organization’s basic philosophy or core operating principles?
Skill at sensing other people’s emotions, understanding their perspective and taking an active interest in their concerns is called:
Design the process to eliminate particular risks, minimizes the risks or change the nature of the risks to be faced is known as:
Accurate self-assessment is a realistic evaluation of your strengths and limitations.
Which of the following is NOT the factor involved that influence the state of an organization’s control environment?
Risk assessment and developing plans and processes for risk mitigation is the purpose of:
Effectively coordinating the activities of and communicating information among the board, external and internal auditors and management is one of the objectives of:
______________ defines internal control, describes its components and provides criteria against which control systems can be evaluated.
To disclose all material facts known to internal auditors that if not disclosed, may distort the reporting of activities under review, this one of the rules of:
The process of helping management and/or work teams assess the likelihood of meeting business objectives is called:
The technique which allows for the study of past and current patterns and can be used to project future patterns is called:
The measures are generally quantitative in that they measure the quantities of products or services delivered by an organization are referred to as:
Based on the results of risk assessment, which should evaluate the adequacy effectiveness of controls encompassing the organization’s operations and information system?
An efficient and economical method of storing data so it can be accessed quickly for management decisions using access tools like searches and records is known as:
A process affected by an entity’s board of directors, management and other personnel designed to provide reasonable assurance regarding the achievement of objectives is called:
The combination of processes and structures implemented by the board in order to inform, direct, manage and monitor the activities of the organization toward its achievements is called:
Apply principles of risk management at every management level for identifying, evaluating, avoiding, minimizing and controlling risks, is called:
To relate high-level goals, aligned with and supporting the entity’s mission/vision is called:
In organizational with decentralized structures where employees within highly trained specialties are granted decision-making authority within their functional area is called:
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TESTED 21 Nov 2024
