Course Final Quiz | Internal Audit Pros

1. Leo has been asked to perform an audit of Human Resources. He is very knowledgeable about the function since he was a manager in the department 3 months ago. Which is true?

His independence could be impaired

His objectivity will 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 internal controls for a new billing process

Approving timesheets

Conducting an internal audit of the company's billing activities

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. A new Customer Management System Upgrade is purchased from an outside vendor, IMS Tech Company. Liza, a Project Manager, approvals all invoices submitted by IMS Tech, before Acccounts Payable disburses payment for their services. Which best describes the approval requirement?

Risk Management

Governance

Assurance

Control

Were the stated learning objectives met?

Agree

Disagree

Don't Know

Were the stated prerequisite requirements appropriate and sufficient?

Agree

Disagree

Don't Know

Were program materials, including the qualified assessment, if any, relevant and did they contribute to the achievement of the learning objectives?

Agree

Disagree

Don't Know

Was the time allotted to the learning activity appropriate?

Agree

Disagree

Don't Know

Was the presenter, Rasheedah Ladd, effective?

Agree

Disagree

Don't Know

Final Quiz and Course Review:

Introduction to Internal Auditing Course

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