Developing Operational Review Programmes Quiz

What type of issues are identified by being in the sequence starting 1.1 and printed in bold text?

Top-Level Issues
Key Issues (correct)
Critical Issues
Detailed Issues

How many key issues are normally noted on each system/activity SAPG?

Less than 5
Between 6 and 10 (correct)
Exactly 10
More than 15

What is the purpose of the Seq. column in the SAPG table?

To list all detailed issues
To provide compliance measures
To highlight the most critical issues
To identify each risk/control issue sequentially (correct)

Which column in the SAPG table discusses the measures in place to ensure management is informed of production activities?

Effective Compliance (C) Signup and view all the answers

What should an auditor always consider when reviewing a system/activity using SAPG?

Key Issues (C) Signup and view all the answers

How can management be assured that production downtime caused by plant breakdown is minimized?

By implementing effective control measures (B) Signup and view all the answers

What is the purpose of involving external consultants during the planning process?

To provide objectivity during reviews (C) Signup and view all the answers

What is the significance of conducting an initial pilot exercise for subsidiary X?

To incorporate procedure amendments (D) Signup and view all the answers

Why are divisional plans subject to review?

To ensure compliance with Group plan objectives (B) Signup and view all the answers

What is the purpose of analyzing each business activity in respect of internal and external influences?

To understand factors affecting the business (A) Signup and view all the answers

Why is it important to ensure all plans (e.g., IT, Manpower) are co-ordinated?

To maintain awareness of organizations' strengths and weaknesses (D) Signup and view all the answers

Why are all potential projects subject to feasibility study and assessment?

To ensure the projects are viable (D) Signup and view all the answers

What is the purpose of providing accurate and reliable information for planning purposes?

To ensure that corporate goals are realistic and measurable (D) Signup and view all the answers

What is the role of measurable targets allocated to each goal?

Monitoring progress and achievement (B) Signup and view all the answers

Why is it necessary to monitor actual progress against the plan(s)?

To ensure medium to long-term corporate objectives are achieved (C) Signup and view all the answers

What is the purpose of the control objectives described in Figure 3.2?

To ensure organizational structure is appropriate to business needs (C) Signup and view all the answers

Why should responsibilities and authorities be adequately segregated according to the text?

To enhance communication within the organization (D) Signup and view all the answers

Why should all planning activity remain realistic and objective?

To ensure management understands what is happening at the operational level (A) Signup and view all the answers

What role does ensuring adequate staff involvement in the planning process play?

Maintaining high motivation levels (B) Signup and view all the answers

Who can edit and update the text in the last section of the page as mentioned in the text?

Any user with access rights (D) Signup and view all the answers

What is the main reason for periodically reviewing the organizational structure according to the text?

To maintain alignment with business objectives (A) Signup and view all the answers

Why is it crucial to have a suitable and robust strategic planning framework?

To establish a mechanism addressing sustained competitive advantage (C) Signup and view all the answers

What is the function of span of control mentioned in the control objectives (point g)?

Optimizing managerial workload (A) Signup and view all the answers

Why is it important for the prevailing organizational structure to be suitably documented and communicated?

To demonstrate transparency and accountability (A) Signup and view all the answers

What is the purpose of the YES/NO Testing Testing to Report WP as mentioned in the text?

To ensure management is kept informed of production activities (D) Signup and view all the answers

What was the outcome of examining the November and December 2010 reports in detail?

13 instances of production shortfall reported with no follow-up action (C) Signup and view all the answers

What is the significance of the Regular Management Report (type PRO78X) mentioned in the text?

It is reviewed, discussed, and signed off at weekly team meetings (D) Signup and view all the answers

What is the purpose of the completed SAPG file as described in the text?

It is saved as a permanent audit file (B) Signup and view all the answers

What role does the Production Manager play in the context provided in the text?

To recommend actions to address production problems (D) Signup and view all the answers

What do the Flow Chart PRD04 and System Interfaces aim to achieve based on the text?

To alert auditors to system interfaces (B) Signup and view all the answers