18 Questions |
By Romeoribay | Last updated: Sep 22, 2020
| Total Attempts: 17
Questions and Answers
Part 1 (30 points)
1.1. In general, give at least 5 Expenses that do NOT require a receipt? 5 points
1.2. Give at least 5 supported languages? 5 points
1.3. Give at least 5 unsupported languages (based on WIKI)? 5 points
1.4. What are considered (at least 4) valid receipts? 4 points
1.5. What are the VAT requirements for UK(simplified)? 5 points
1.6. What are the two primary audit offerings? 2 points
1.7. What are the 2 key audit requirement? 2 points
1.8. What are Auditor Skills to be Expected (at least 2 and based on WIKI)? 2 points
Part 3: Escalations/Essay (based on SOP or otherwise company specific) = 3 points per item, 15 points total, all or nothing
A: Below taxi receipt was rejected due to date discrepancy. Do you agree? Yes or No and Why?
B: Below receipt was rejected. Do you agree? Yes or No and Why?
C: This was called-out due to date mismatch. Do you agree? Yes or No and Why?
D: This was rejected due to missing ABN number, comment was provided.
Do you agree with the rejection? Yes or No and Why?
E: This was rejected due to amount mismatch. Mobile Phone for INR 588.82 dated 05/01/2019
Do you Agree? Yes or No and Why?
Part 2 Fill in the blanks: (5 points)
2.1. [Blank] attached to a claim can add context to support, explain, or justify an employee’s expenses. All claim [Blank] must be read as part of the Audit process.
2.2 If the document provided is a [Blank], process this like an actual receipt by capturing the amount.
2.3 For combined receipts with the same expense type, at least one of the [Blank]must match with the Line Item (Cash/OOP).
2.4 Reports for termed/terminated/separated employee/s should [Blank] Audit as long as there’s an indication that they’re no longer working with the company and receipts are no longer available.
2.5 An expense marked as personal [Blank]since this will be charged to the employee and not the company. Employees use this to clear out old or personal charges.