Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Definitions
increasing?
A) Monitoring
A) preventive control.
B) detective control.
C) corrective control.
D) authorization control.
At a movie theater box office, all tickets
change to a customer.
preventive control?
a sales order
of duties is to
environment?
A) The audit committee regularly meets
with the external auditors.
B) The Board of Directors is primarily
independent directors.
C) The company has an up-to-date
organizational chart.
D) Formal employee performance
evaluations are prepared every three
years
Which of the following statements about
internal environment is false?
because
B) internal control
C) process
corrective controls?
A) Identify the cause of the problem.
B) Correct the resulting errors.
C) Modify the system to prevent future
occurrences of the problem.
D) All of the above are accomplished by
corrective controls
Duplicate checking of calculations is an
example of a ________ control, and
procedures to resubmit rejected
transactions is an example of a ________
control.
A) corrective; detective
B) detective; corrective
C) preventive; corrective
D) detective; preventive
B) detective; corrective
procedure?
A) Identify the cause of a problem.
B) Deter problems before they arise.
C) Correct resulting errors or difficulties.
D) Modify the system so that future
problems are minimized or eliminated
________ controls are designed to make
C) General
A) Application
A) boundary system
D) Event assessment
if answered "yes."
directors
A) is usually chaired by the CFO.
B) conducts testing of controls on behalf
of the external auditors.
C) provides a check and balance on
management.
D) does all of the above.
The definition of the lines of authority and
B) organizational structure
A) Organizational structure
C) internal environment
C) Risk appetite
B) Residual risk
A) Inherent risk
A) general authorization
B) specific authorization
C) steering committee
A) boundary system
B) shared.
C) avoided
check on performance?
A) Compliance objectives
D) strategic objectives
B) Operations objectives
profitability goals.
A) Compliance objectives
B) Operations objectives
C) Reporting objectives
D) Strategic objectives
According to the ERM, these objectives
C) Reporting objectives
1. Safeguard assets
2. maintain records accurately and fairly
3.provide accurate and reliable information
criteria
5.promote and improve operational efficiency
(ERM)
model
1. Internal environment
management model
2. Objective setting
3.event identification
4. Risk assessment
5.risk response
6. Control activities
7. Information and communication
8. Monitoring
4types of objectives management must