Internal Auditor

A To ensure every step is unnecessary B To understand activities, handoffs, risks, and control points C To avoid identifying process owners D To replace evidence gathering entirely

A The customer who pays the bill B The supplier who issues the invoice C The person who owns the audit firm D The person accountable for the design or operation of a specified control

A The person accountable for the performance and governance of a business process B The external regulator in every case C The auditor who signs the report D The person who prepares a single receipt

A Controls always prevent every fraud B Controls guarantee the accuracy of every forecast C Controls eliminate all business uncertainty D Controls provide reasonable, not absolute, assurance due to factors such as human error and collusion

A Management has no access to systems B Controls cannot be documented C Senior personnel may bypass controls that otherwise appear well designed D All controls require no human involvement

A Two or more people cooperating to circumvent controls or conceal wrongdoing B A standard reconciliation procedure C A routine stock count D An approved annual budget

A The governance, ethics, structures, and attitudes that influence control consciousness B Only the monthly sales report C Only the organization's computer hardware D Only the physical cash safe

A Approving every transaction before it occurs B Setting product prices C Preparing financial statements D Assessing over time whether controls are present and functioning

A Ensuring all documents are destroyed B Ensuring every user has full access C Ensuring relevant information is identified, processed, and communicated to appropriate people D Ensuring no reports are produced

A A review that never uses criteria B A review by a responsible manager of reports, results, or transactions for unusual items and follow-up C A review conducted only by customers D A process that eliminates documentation