Recurring analysis of a company's operations and maintaining rigorous systems of internal controls can prevent and detect various forms of fraud and other accounting irregularities. The quiz below covers some facts that even a beginner should know when it comes to auditing. Give it a try and all the best!
Questions and Answers
What is an Audit?
A luxury car maker.
An examination and review that produces a detailed report of its findings.
A review of your financial activity.
What below is not one of the access control models?
Mandatory Access Control
Role-Based Access Control
Rule-Based Access Control
Security Access Control
What does ILM stand for?
Information lifecycle management
International Llama museum
Irritable Loser Mugging
What are the three types of Logs?
Security Application Logs
Operating System Logs
Security Hardware Logs
What is Anomolly-Based Monitoring?
Activities are compared against a pre-defined set of signatures.
Monitors and tracks hidden activity on the computer.
A Baseline is set over time, and whenever a deviation occurs and alarm is raised.
What do you know about auditing and assurances? Assurance service is an individual professional service, typically offered by chartered or certified public accountants or chartered certified accountants, to advance information...
Questions: 33 | Attempts: 5879 | Last updated: Mar 22, 2022
Compliance audits evaluate the efficiency and effectiveness of any part of an organization's operating procedures and methods.
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Internal Auditing as defined by the Institute of Internal Auditors (IIA) is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control and __________
The final exams for the Audit class are just around the corner and the quiz below is designed to help you pass the quiz by getting rid of the cold feet you may be having. Give it a try and choose the right answer according to...
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As a result of analytical procedures, the auditor determines that the gross profit percentage has declined from 30% in the preceding year to 20% in the current year. The auditor should: