Creating An Audit Plan - Day 2 Sapa Conference Fy 13

5 Questions | Total Attempts: 62

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Audit Quizzes & Trivia

Quiz on Creating an Audit Plan - Day 2 SAPA Conference FY 13


Questions and Answers
  • 1. 
    Based on the presentation, which of the items listed are the phases or steps to developing a Strategic Internal Audit Plan?
    • A. 

      Business Analysis

    • B. 

      Risk Identification

    • C. 

      Risk Analysis

    • D. 

      Validation

    • E. 

      Audit Planning

    • F. 

      All of the above

  • 2. 
    Based on the presentation, which of the items listed are the phases or steps in  audit engagement planning?
    • A. 

      Process understanding

    • B. 

      Risk Identification

    • C. 

      Risk Prioritization

    • D. 

      Risk- Control Matching

    • E. 

      Audit Program Development

    • F. 

      All of the above

  • 3. 
    Which Practice Advisory provides guidance on audit coverage of risks?
    • A. 

      PA 2120 - 2

    • B. 

      PA 2200 - 2

    • C. 

      PA 2010 - 2

    • D. 

      None of the above

  • 4. 
    In engagement planning, what are the steps in process risk assessment?
    • A. 

      A. Risk Identification

    • B. 

      B. Risk Prioritization

    • C. 

      C. Risk-Control Mapping

    • D. 

      D. All of the above

    • E. 

      E. a and b only

  • 5. 
    During strategic planning, the auditor is concerned with understanding the overall business of the organization.
    • A. 

      True

    • B. 

      False

    • C. 

      All of the above