Risk Assessment and Internal Control Quiz
5 Questions
1 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

Which of the following is NOT a learning outcome of studying this chapter?

  • Learning to review the systems of Internal Control
  • Knowing the framework of Reporting of Internal Control (correct)
  • Identifying the components of Audit Risk and Internal Control
  • Understanding the concept of Risk Based Audit, Internal Control and Risk Assessment
  • What is the nature of the Internal Control System?

  • Reporting to clients on Internal Control Weaknesses
  • Manner of Evaluation of Internal Control System (correct)
  • Components of Internal Control
  • Review of the System of Internal Control
  • What does the chapter mainly focus on?

  • Reporting to clients on Internal Control Weaknesses
  • Framework on Reporting of Internal Controls
  • Advanced Auditing and Professional Ethics
  • Risk Assessment and Internal Control (correct)
  • What is the objective of the Internal Control System?

    <p>Ensuring the achievement of organizational objectives</p> Signup and view all the answers

    What is the framework of Reporting of Internal Control?

    <p>Reporting to clients on Internal Control Weaknesses</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Browser