Abbreviations and Definitions Quiz
4 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the definition of a Key Performance Indicator (KPI)?

  • A metric or measure used to evaluate employee performance and productivity.
  • A tool used to document audit evidence and evaluate it objectively.
  • A qualitative assessment tool used to assess customer satisfaction.
  • A metric or measure used to quantify and evaluate organizational success, set measurable objectives, evaluate progress, monitor trends, make improvements, and support decision making. (correct)
  • What is the purpose of a Key Performance Indicator (KPI)?

  • To document audit evidence for evaluation.
  • To collect information relevant to the needs and expectations of interested parties.
  • To assess individual employee performance and productivity.
  • To measure how much success and progress an organization has made relative to the objectives to be achieved. (correct)
  • What is the role of a Subject Matter Expert (SME)?

  • To conduct independent and documented processes for obtaining audit evidence.
  • To assess customer satisfaction through qualitative assessments.
  • To provide expertise and specialized knowledge in a particular area to support decision making and problem-solving. (correct)
  • To evaluate organizational success using quantitative measures.
  • What does an audit entail?

    <p>A systematic, independent, and documented process for obtaining audit evidence and evaluating it objectively to determine the extent to which audit criteria are fulfilled.</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser