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A process to identify events potentially affecting the entity and manage risk within its risk appetite is known as:
Which of the following is Correct?
The organization has a mechanism to ensure the prompt resolution of findings from audits and other reviews through:
What are influenced by size and complexity of the activity being examined, and by the geographical dispersion of the activity?
Use of observations and interviews to study how people learn, interact with others or make decisions refers to:
Employees are provided a proper amount of supervision in:
Which of the following is Correct?
Compliance tests are procedures designed to verify whether controls are being applied in the manner described in the flowcharts, questionnaires etc.
The entire objectives-risks-controls infrastructure of an organization is subject to greater monitoring and continues improvement.
Under the Securities and Exchange Commission’s final rules, management’s annual internal control report must avoid:
Which of the following is NOT the potential benefit of the CSA to the organization?
__________ is relating to the entity’s fulfillment with applicable laws and regulations.
A technically sophisticated tool and approach to study a process variation for the purpose of improving the economic effectiveness of the process, is called:
The purpose of multifaceted system of control processes is:
Data synthesis is:
The CSA process that results in identification of fraud indicators as well as actual fraudulent activities is called:
The more extensive and detailed the documentation, the more it is to communicate and understand the optimal solution.
Votes are cast anonymously and all responses are confidential is one of the advantages of:
The risk that some action or inaction by the entity will impair the organization’s ability to reach its goals and objectives is known as:
What describes the organization’s basic philosophy or core operating principles?
A process affected by an organization’s management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives is known as:
Good team communication, leadership, environment of trust and respect, good management are all factors of:
In linear organizations, decisions tend to follow from bottom to top through well-defined line of authority.
___________ are clearly communicated to all employees and management obtains feedback signifying that the communication has been effective.
2010- Planning standard states that:
Which of the following is Correct?
Which of the following is Correct?
Enterprise risk management helps an entity to achieve its performance and profitability targets but lower prevents loss of resources.
Failure to effectively correct inappropriate behavior could result in a breakdown in the group dynamic and the entire CSA process.
Accounting controls are:
Control self-assessment questions have which following categories?
Operations control is related to the:
The process of helping management and/or work teams assess the likelihood of meeting business objectives is called:
Which of the following is NOT the step in developing the strategic planning process?
The internal auditor for standard 1220 should exercise due professional care by considering which following aspects?
What provide means for evaluating the use of inputs to achieve outputs?
_________ refers to recommended actions should take into account relevant resource limitations.
What involve developing a purpose and goals statement for CSA, resource budgets and projected completion time lines?
The risk that deficiencies in expenditure control or revenues will adversely affect agreedupon outcomes or objectives is called:
A technique to partner with another organization willing to assume a portion of the risk for some reward is called: