Submit Course Pre-Quiz | Internal Audit Pros

1. Marcus has been asked to perform an audit of Accounts Payable. He is very knowledgeable about the function since he was a manager in the department 6 months ago. Which is true?

His independence could be impaired

His objectivity could be impaired

He is the best auditor for the job, because of his first hand knowledge in the department.

He should decline the audit unless he has been separated from the job for at least 9 months

2. Which of the following best describes an assurance activity:

Advising management on process improvements

Training a department on cash management controls

Providing a due dilligence assessment during a company merger

Providing consulting to a department you transferred from 2 months ago

3. Which of the following best describes the monitoring processes implemented by the board?

Risk Management

Governance

Assurance

Control

4. Han has recently been hired as a billing specialist, and must attend a 2 week training on the company's billing systems. Which best describes the training requirement:

Risk Management

Governance

Assurance

Control

Pre-Quiz:

Introduction to Internal Auditing Course