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Procedures and information related to the achievement of organizational objectives and the operational efficiency and effectiveness of the organizations refers to:
The process of monitoring the external and internal environment of an organization is commonly referred to as:
Which of the following is NOT the step involved in strategic planning process?
Who are the people who benefit from the organization, use its products or services or who are otherwise associated?
A technically sophisticated tool and approach to study a process variation for the purpose of improving the economic effectiveness of the process, is called:
What is commonly used to produce a quick answer to a specific question or concern about a particular process, activity or procedure?
To disclose all material facts known to internal auditors that if not disclosed, may distort the reporting of activities under review, this one of the rules of:
Proficiency at cultivating and maintaining a web of relationships means to establish a:
In traditional approach, evaluating risks and controls were done by auditors and in control self-assessment approach it is done by work teams.
Which activities are designed and implemented to reduce, or otherwise manage, risk at levels that were determined to be acceptable to the management and board?
The risk remaining after management takes action to reduce the impact and likelihood of an adverse event is called residual risk.
Internal auditors have which following four principles to uphold and apply.
Flowcharting is a common method used to document major processes in order to identify them within the program.
Segregation of the accounts payable, disbursement and accounting functions would define a:
Risks are accessed on both an inherent and a residual basis and the assessment considers both risk likelihood impact.
What has the ability to combine both qualitative and quantitative data in imaginative ways?
Unrestricted access to subsidiary ledgers and general ledger is a fraud warning sign of:
The aim of the workshop is to evaluate, update, validate, improve and streamline the whole process and its component activities in:
Failure to effectively correct inappropriate behavior could result in a breakdown in the group dynamic and the entire CSA process.
A document that outlines in visual and narrative format the processes and control points within the process is called:
Programmed procedures designed to prevent, detect and correct errors or irregularities that could adversely impact the organization’s business activities are called:
The identification and analysis of relevant risks associated with achieving objectives the forming a basis for determining how risks should be managed and controlled is called:
What flow from and are linked with the organization’s entity wide objectives and strategic plans?
To articulate performance objectives and provide a means of evaluating whether the objectives have been achieved, this is the goal of:
Internal audit reports characteristic of the internal auditor’s paradigm has internal control as its old paradigm and addressing process risks as its old paradigm.
What involves comparing the program’s performance with other similar programs that are effective?
Use of observations and interviews to study how people learn, interact with others or make decisions refers to:
Management thinks in terms of risk (implicitly and explicitly), and management rarely thinks in terms of control.
Under the Securities and Exchange Commission’s final rules, management’s annual internal control report must avoid:
The employee theft risk has safeguard supply inventory as a control objective and uses which technique to control risk?
____________ refers the assessment of risks and opportunities affecting the achievement of the organization’s goals and objectives.
What generally includes estimating the risk’s significance, assessing the likelihood of its occurrence and deciding how to manage the risk and what actions should be taken?
A process to identify events potentially affecting the entity and manage risk within its risk appetite is known as:
Tall organization structures have a large number of levels between the top of the organization and the bottom.
__________ can be used in control self-assessment workshops in conjunction with other interactive programs such as OptionFinder to allow participants to anonymously express their opinions on the information presented.
Work group participants may be suspicious and even hostile, seeing CSA as a management ploy to find out more about them, when:
____________ is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
Which auditors provide varying degrees of assurance about the state of effectiveness of the risk management and control processes of the organization?
Remedy of the circumstances that allowed the unauthorized activity or return conditions to what they were before the violation, is called:
Determination that the evidence has a logical relationship to the findings is known as:
The risks including exposure to equipment, machinery and work processes are referred to as:
In traditional approach, objectives used were of management’s and in control selfassessment approach it is of work teams’.
Which of the following is NOT the factor involved that influence the state of an organization’s control environment?
The ongoing monitoring and reporting of the accomplishments of an organization and its progress towards achieving established objectives is called:
No proper documentation of adds, changes or deletions to vendor master file is a fraud warning sign of:
The measures are generally quantitative in that they measure the quantities of products or services delivered by an organization are referred to as:
A process for gathering information, without detailed verification, on the activity being examined is called:
The CSA process that results in identification of fraud indicators as well as actual fraudulent activities is called:
When organizations delegate authority and make decisions by using managers from more then one subarea, these refer to:
Evaluators determine how individuals react to written or verbal communication through;
The process of helping management and/or work teams assess the likelihood of meeting business objectives is called:
To relate high-level goals, aligned with and supporting the entity’s mission/vision is called:
In organizational with decentralized structures where employees within highly trained specialties are granted decision-making authority within their functional area is called:
The ability to take charge and inspire with a compelling vision is known as:
If control risk is although minimum, extensive substantive testing will be necessary to determine the validity of transactions and data.
Description, action steps, time frames, delineated responsibilities are all factors of Objective statements.
Internal audit focus characteristic of the internal auditor’s paradigm has internal control as its old paradigm and its new paradigm is:
An ethical tone has been established at the top of the organization and has been communicated throughout the organization.
Which of the following is NOT the entity’s objective that is consistent with the entity’s risk appetite?
What involve developing a purpose and goals statement for CSA, resource budgets and projected completion time lines?
TESTED 15 Oct 2025