Internal Audit and Assurance Process
24 Questions
0 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 was abolished as a condition of service for permanent and pensionable employees?

  • Key Performance Indicators
  • Service Benefits (correct)
  • Wellness Program
  • Performance Management Policy

What is the focus of the new 270 Degree Performance Management tool?

  • Health and wellness initiatives
  • Employee attributes
  • Key Performance Indicators (correct)
  • Service Benefits

What does the ERB recognise as its most valuable asset?

  • Recreational equipment and sports services
  • Information and Communications Technology
  • Cyber security awareness
  • Its employees (correct)

What was the purpose of disseminating awareness bulletins among staff members?

<p>To educate staff about preventive measures against cyber threats (A)</p> Signup and view all the answers

What was the goal of raising cyber security awareness among staff members?

<p>To safeguard the data and information of both the ERB and its licensees (B)</p> Signup and view all the answers

What was the purpose of redesigning the ERB website?

<p>To enhance its effectiveness in serving stakeholders and promoting transparency (D)</p> Signup and view all the answers

What did the ERB procure for its staff?

<p>Recreational equipment and sports services (B)</p> Signup and view all the answers

What was the focus of the ERB's ICT activities during the period under review?

<p>Enhancing responsiveness to internal and external communication, data and information processing, and risk awareness (B)</p> Signup and view all the answers

What strategy did the ERB formulate to enhance its operational resilience?

<p>Risk Management Strategy (C)</p> Signup and view all the answers

What was the primary objective of the meeting with the Energy, Water Development and Tourism Committee of Parliament?

<p>To provide parliamentarians with updates on key developments in the energy sector (B)</p> Signup and view all the answers

What was the outcome of the ERB's efforts to improve operational efficiency?

<p>A structural review to improve operational efficiency (A)</p> Signup and view all the answers

What was the total amount of license revenue collected by the ERB?

<p>K495 million (D)</p> Signup and view all the answers

What was the resolution rate of complaints by the ERB as of December 31, 2023?

<p>63% (D)</p> Signup and view all the answers

What was the ERB's target for license revenue collection?

<p>K463 million (A)</p> Signup and view all the answers

What was the outcome of the ERB's stakeholder engagement efforts in 2023?

<p>A forum for members of the Energy, Water Development and Tourism Committee of Parliament (A)</p> Signup and view all the answers

What was the increase in the ERB's resolution rate of complaints compared to 2022?

<p>4% (C)</p> Signup and view all the answers

What is a key feature of the redesigned website?

<p>Simplified navigation (C)</p> Signup and view all the answers

What percentage of approved audit assignments were completed in 2023?

<p>89% (D)</p> Signup and view all the answers

What is the purpose of the Internal Audit department?

<p>To offer independent assurance to the Board of Directors and Management (B)</p> Signup and view all the answers

How many audits were brought forward from the prior year in 2023?

<p>1 (A)</p> Signup and view all the answers

What is the standard that the ERB aims to align its Risk Management Strategy with?

<p>ISO 31000:2018 (C)</p> Signup and view all the answers

How often are the departmental and institutional risk registers updated?

<p>Quarterly (C)</p> Signup and view all the answers

What type of training programs were implemented by the ERB?

<p>Diverse training programs for risk champions and focal point individuals (C)</p> Signup and view all the answers

What is the purpose of the risk management training programs?

<p>To ensure effective risk management practices (B)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser