Internal Auditor

A The result a control is intended to achieve B The number of invoices issued C The auditor's travel budget D The amount of profit earned

A A procedure used only by external auditors B A substitute for management responsibility C A guarantee that all fraud will be prevented D A process designed to provide reasonable assurance that objectives will be achieved

A Stop errors or irregularities before they occur B Correct errors without identifying them C Identify errors only after the year ends D Replace the need for supervision

A Prevent every transaction from being processed B Approve the organization's mission C Set strategic objectives D Identify errors or irregularities after they occur or as they happen

A Address detected problems and restore the process or control environment B Replace risk assessment C Prevent all transactions from starting D Set the external audit fee

A Access restrictions requiring authorized credentials B A monthly exception report reviewed after processing C A post-payment investigation D A year-end bank reconciliation only

A Restricting access to a server room B Using password rules before login C Reviewing a reconciliation to identify differences D Requiring approval before a purchase

A Restoring data from a tested backup after data loss B Requiring dual approval before payment C Reviewing a monthly exception report D Checking employee identity at login

A It allows one employee to authorize, record, and reconcile every transaction B It guarantees all transactions are valid C It eliminates the need for documentation D It reduces the chance that one person can commit and conceal an error or fraud

A Authorization, custody, recording, and reconciliation B Recruitment, training, and staff welfare only C Budgeting, forecasting, and reporting in every case D Sales, advertising, and customer service only