10 Questions
Internal auditing is an independent, objective ______ and advisory activity designed to add value and improve government operations.
assurance
The purpose of the standards is to ______ basic principles that represent the practice of internal auditing.
delineate
Internal auditing helps government accomplish its objectives by bringing a systematic, disciplined approach to ______ and improve the effectiveness of governance, risk management, and control processes.
evaluate
The standards establish the bases for the ______ of internal audit performance.
evaluation
Internal auditing demonstrates ______ and due professional care.
competence
The standards foster ______ agency's processes and operations.
improved
Internal auditing provides ______-based assurance.
risk
Internal auditing is ______ and free from undue influence.
objective
Internal auditing is designed to add ______ and improve government operations.
value
Internal auditing is ______ positioned and adequately resourced.
appropriately
This quiz covers substantive procedures in auditing, including tests of transactions and balances. It explores the process of inspecting documents and accounting records to verify the accuracy of transactions and account balances. Examples of substantive procedures are provided to illustrate the concept.
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