國際注冊內部審計師

1.  According to The IIA, Internal controls are designed to provide reasonable assurance that
A  Material errors or fraud will be prevented or detected and corrected within a timely period by employees in the course of performing their assigned duties.
B  Management’s plans have not been circumvented by worker collusion.
C  The internal auditing department’s guidance and oversight of management’s performance is accomplished economically and efficiently.
D  Management’s  planning, organizing ,and directing processes are properly evaluated.
 
A YES   According to SIAS 1,Reasonable assurance is provided when cost-effective actions are taken to restrict deviations to a tolerable level.. This implies, for example, that material errors and improper or illegal acts will be prevented or detected and corrected within a timely period by employees in the normal course of performing their assigned duties. The cost-benefit relationship is considered by management during the design of systems. The potential loss associated with any exposure or risk is weighed against the cost to control it”.
B  no  Collusion is an inherent limitation of internal control.
C  no  The board of directors or a similar body is responsible for the guidance and oversight of management.
D  no  The examination and evaluation of management processes is a function of the internal auditing department.
2.  Which of the following features of a large manufacturing company’s organization structure would be a control weakness?
A  The information systems department is headed by a vice president who reports directly to the president.
B  The chief financial officer is a vice  president who reports to the chief executive office.
C  The audit committee of the board consists of the chief executive officer, the chief financial officer, and a major shareholder.
D  The controller and treasurer report to the chief financial officer.
 
A  no  This reporting relationship is a strength. It prevents the information systems operation from being dominated by a user.
B  no  This is a normal and appropriate reporting relationship.
C  no  The audit committee has a control function because of its oversight of internal as well as external auditing. It should be made up of directors who are independent of management. The authority and independence of the audit committee strengthen the position of internal auditing. The board should concur in the appointment or removal of the director of internal auditing, who should have direct, regular communication with the board( Standard 110).
D  no  This is a normal and appropriate reporting relationship.
 
3.  Corporate management has a role in the maintenance of internal control. In fact, management sometimes is a control. Which of the following involves managerial functions as a control device?
A  supervision of employees.
B  use of a corporate policies manual
C  maintenance of a quality control department
D  internal auditing
 
A  yes  SIAS 1 states, ”Effective control is present when management directs systems in such a manner as to provide reasonable assurance that the organization’s objectives and goals will be achieved” Directing includes “authorizing and monitoring performance, periodically comparing actual with planned performance, and documenting these activities to provide additional assurance that systems operate as planned,” Monitoring “encompasses supervising, observing, and testing activities and appropriately reporting to responsible individuals. Monitoring provides an ongoing verification of progress toward achievement of objectives and goals.”
B  no  The manual advises but does not control.
C  no  A quality control department is a form of internal review. The manager of quality control should be independent of the operations reviewed.
D  no  Internal reviews (such as internal auditing )should be independent of the operations reviewed and are not a managerial function.
 
4.  The procedure requiring preparation of a prelisting of incoming cash receipts, with copies of the pre-list going to the cashier and to accounting, is an example of which type of control?
A  preventive
B  corrective
C  detective
D  directive
 
A  yes   A prelisting of cash receipts in the form of checks is a preventive control. It is intended to deter undesirable events from occurring. Because irregularities involving cash are most likely before receipts are recorded, either remittance advices or a prelisting of checks should be prepared in the mailroom so as to establish recorded  accountability for cash as soon as possible.
A cash register tape is a form of prelisting for cash received over the counter. One copy of a prelisting will go to accounting for posting to the cash receipts journal, and another is sent to the cashier for reconciliation with checks and currency received.
B  no  A corrective control rectifies an error or irregularity.
C  no  A detective control uncovers an error or irregularity that has already occurred..
D  no  A directive control causes or encourages a desirable event.
5. The audit committee strengthens the control system of a company by
A  Assigning the internal auditing department responsibility for interaction with governmental agencies.
B  Using the director of internal auditing as a major resource in selecting the external auditors.
C  Following up on recommendations made by the director of internal auditing.
D  Approving internal auditing department polices.
 
A  no  A direct strengthening of controls does not result from this activity.
BD  no  A direct strengthening of controls does not result from this activity.
C  yes  Internal auditing should have the support of management and the board of directors, including the audit committee, to gain cooperation from auditees and perform their work free from interference. Such support promotes independence and ensures broad audit coverage, adequate consideration of audit reports, and appropriate action on audit recommendations. This enhancement of the internal auditing in turn strengthens the control structure.

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