Free Internal Affairs Service Conducting Audits Questions and Answers

Question 1

Which of the following professionals has primary responsibility for the performance of an audit?

Accepted Answer

The partner in charge of the engagement.

Question 2

What is the proper organizational role of internal auditing?

Accepted Answer

To serve as an independent, objective assurance and consulting activity that adds value to operation

Question 3

Operational audits generally have been conducted by internal and COA auditors, but may be performed by certified public accountants. A primary purpose of an operational audit is to provide.

Accepted Answer

A measure of management performance in meeting organizational goals.

Question 4

Governmental  auditing  often  extends  beyond  examinations  leading  to  the  expression  of opinion  on  the  fairness  of  financial  presentation  and  includes  audits  of  efficiency, economy, effectiveness and also?

Accepted Answer

Compliance

Question 5

An objective of a performance audit is to determine whether an entity’s

Accepted Answer

Specific operating units are functioning economically and efficiently

IAS - Internal Affairs Service Practice Test

IAS - Internal Affairs Service Practice Test

Free Internal Affairs Service Conducting Audits Questions and Answers