Internal Auditor

A To improve count reliability and reduce the risk of manipulation or error B To avoid reconciling count results C To eliminate all valuation procedures D To guarantee inventory has no value

A Counting only damaged goods B Counting all inventory only when a company closes C Counting cash every hour D Counting selected inventory items on a rotating schedule throughout the year

A The risk of duplicate payroll B The risk that all stock is sold immediately C The risk of excessive cash receipts D The risk that inventory becomes outdated, unusable, or difficult to sell

A Only daily retail cash receipts B Only customer credit limits C Only employee leave balances D Project authorization, procurement, budget control, progress, cost, and completion

A A process for recording petty cash B A method of preparing payroll C An evaluation after implementation to determine whether a project achieved expected objectives and benefits D A review conducted before any project is approved

A A list of audit samples B A technique for calculating VAT C Structures and responsibilities for directing, monitoring, and controlling a project D A method for valuing inventory

A Ensure scope, cost, schedule, and risk changes are evaluated and authorized B Prevent any necessary change from ever occurring C Allow changes without recording them D Replace project monitoring

A A cost incurred without required approval or outside delegated authority B A valid invoice matched to a purchase order C Any expenditure that is within budget and approved D A properly authorized payroll payment

A Ignoring differences between actual and planned results B Preparing financial statements without comparison C Approving all spending after it occurs D Comparing actual performance with budgets and taking action on significant variances

A Whether all suppliers are paid early B Whether all assets are depreciated C Whether recorded expenses are all paid in cash D Whether all revenue that should have been recorded was captured