Day 4: Blocked Party Screening, Grants, New Audit Wps, Global Fund Quiz

10 Questions | Total Attempts: 75

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Audit Quizzes & Trivia

This quiz is to test your ability to understand Blocked party screening (Q's 1-3), Grants min stds(Q's 4-5), New Audit WPs/Global Fund(Q's 6-10). Please choose the best answer.


Questions and Answers
  • 1. 
    What is the purpose of having Blocked party screening?
    • A. 

      To give more work to the Finance staff

    • B. 

      To ensure World Vision does not transact with terrorist groups

    • C. 

      To address an audit finding

    • D. 

      To meet Global Center standards

  • 2. 
    All NOs may be required to screen all grant expenditures over?
    • A. 

      5,000 USD

    • B. 

      50,000 USD

    • C. 

      100,000 USD

    • D. 

      25,000 USD

  • 3. 
    Who should World Vision screen? (there may be more than one correct answer)
    • A. 

      All vendors and payees over 5,000USD

    • B. 

      All employees, current and potential

    • C. 

      All contractors and consultants

    • D. 

      All Board members

  • 4. 
    In World Vision, ________ are given the special status among all forms of donor funding.
    • A. 

      Sponsorship Projects

    • B. 

      Grants

    • C. 

      The National office

    • D. 

      Microfinance projects

  • 5. 
    Global Fund is exposed to peculiar (unique) risks, except for:
    • A. 

      No country offices

    • B. 

      Operates through Local Fund Agents

    • C. 

      Procurement

    • D. 

      Training program, Medical drugs purchase

  • 6. 
    The Global Fund is currently seeking total refund of USD 44 million from various countries. Out of this, fraudulent expenses comprise _________________
    • A. 

      USD 15 million

    • B. 

      USD 13 million

    • C. 

      USD 11 million

    • D. 

      USD 3 million

  • 7. 
    Grant funding carry lesser risk when compared with the sponsorship funding for NGO like World Vision
    • A. 

      True

    • B. 

      False

  • 8. 
    DFID grant funding is disbursed by the Government of _________________
    • A. 

      United States of America

    • B. 

      United Kingdom

    • C. 

      Germany

    • D. 

      Australia

  • 9. 
    The Global Fund was created in the year ______________
    • A. 

      2000

    • B. 

      2001

    • C. 

      2002

    • D. 

      2003

  • 10. 
    The Global  Fund has provided grants for dealing with HIV / AIDS in _________________ number of countries.
    • A. 

      Approximately 100 countries

    • B. 

      Approximately 75 countries

    • C. 

      Approximately 65 countries

    • D. 

      Approximately 35 countries