Internal Auditor

A Risk limited to external financial statements B Risk before controls are considered C Risk remaining after responses and controls are considered D Risk that can never affect objectives

A Risk that a control will fail to prevent or detect and correct a problem in time B Risk that an entity will always make a profit C Risk that an auditor will not sample enough items only D Risk that sales prices will rise

A A list of audit findings B The amount of cash in petty cash C The maximum tax deduction D The types and amount of risk an organization is willing to accept in pursuit of objectives

A The total number of risks in the audit universe B The number of audit staff employed C Acceptable variation around a specific objective or performance measure D The amount of revenue earned

A A record of identified risks, assessments, owners, and responses B A record of employee attendance only C A list of customer invoices D A ledger of fixed assets

A Rating and prioritizing risks by factors such as likelihood and impact B Preparing financial statements C Reconciling bank accounts D Calculating payroll tax

A Cash receipts plus cash payments B Assets minus liabilities C Revenue divided by expenses D Likelihood multiplied by impact

A 9 B 20 C 45 D 1

A A bank reconciliation form B A type of audit opinion C A mandatory journal entry D A metric that signals changes in an organization's risk exposure

A The number of customers served B The annual income tax rate C The organization's sales price D Whether a key control is operating or performing as expected