Day 2 - Walk Through Process - Revised

5 Questions | Total Attempts: 59

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Process Management Quizzes & Trivia

Revised Quiz on Walk through Process for Day 2 of the SAPA Conference FY 13


Questions and Answers
  • 1. 
    What is the IIA Standard for Engagement Planning?
    • A. 

      Performance Standard 2200

    • B. 

      Performance Standard 1200

    • C. 

      Performance Standard 1100

    • D. 

      All of the above

  • 2. 
    What is the first consideration in engagement planning under Performance Standard 2201?
    • A. 

      Scope of the audit to be perform

    • B. 

      The resources allocated for the audit

    • C. 

      Objectives of the activity being reviewed

    • D. 

      None of the above

  • 3. 
    What are the common process understanding tools?
    • A. 

      Flowcharting, Walkthrough, on site observation

    • B. 

      Flowcharting, Interview, on-site observation

    • C. 

      Walk-through, analytical procedures, review of documentation

    • D. 

      All of the aboved.

  • 4. 
    What is a process understanding tools that meant as simply as the act of tracing a transaction through organizational records and procedures to develop an understanding of transaction flow and design of controls.
    • A. 

      Flowcharting

    • B. 

      Walkthrough

    • C. 

      Transactional Review

    • D. 

      None of the above

  • 5. 
    In your own understanding, why it is important to understand the process you are going to review/audit?
    • A. 

      To uncover risk

    • B. 

      To provide guidance

    • C. 

      To give adding value recommendation/s

    • D. 

      None of the above