Internal Auditor

A Selecting staff for an audit team B Creating journal entries without a contract C Administering obligations, deliverables, changes, performance, and risks under a contract D Preparing the cash budget only

A The process of recruiting employees B The process from identifying a purchasing need through ordering, receipt, invoice processing, and payment C The process of collecting customer debt only D The process of preparing annual financial statements

A The process of purchasing fixed assets only B The process of paying suppliers only C The process from receiving a customer order through delivery, billing, and collection D The process of conducting a physical inventory count

A A retired employee with no payments B An employee transferred to another department with approval C A fictitious or unauthorized employee whose pay is improperly processed D An employee on approved annual leave

A Reconcile payroll records with authorized personnel records and independently verify employees B Allow payroll staff to create employees and approve their own pay C Pay salaries only in cash without records D Remove all employee identifiers

A A customer pays an invoice early B A bank reconciliation is completed C A supplier provides a valid credit note D The same invoice or obligation is paid more than once

A Allowing unlimited manual payment entries B Duplicate invoice checks using supplier, invoice number, date, and amount C Removing invoice numbers from the system D Skipping supplier statement reconciliations

A Only inventory obsolescence B Only payroll fraud C Only contract breaches D Differences, errors, unauthorized transactions, and timing items between records

A To increase outstanding reconciling items B To avoid investigating old differences C To replace cash authorization controls D To identify and resolve unusual transactions and errors in a timely manner

A An unannounced physical count of cash compared with records B A customer satisfaction survey C A scheduled annual budget meeting D A supplier invoice review