Introduction to Internal Auditing

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1)Which of the following best describes the objective of internal auditing? I. To assist members of the organization in the effective discharge of their responsibilities II. To assist management wi... th the design and implementation of accounting and control systems III. To examine and evaluate an organization's accounting system as a service to management IV. To monitor the organization's internal control system for the external auditors 2)According to the Statement of Responsibilities of Internal Auditing, which of the following is notincluded in the scope of the internal audit function? I. Appraising the economy and efficiency with which resources are employed II.Reviewing the strategic management process, assessing the quality of management decision makingboth quantatively and qualitatively, and reporting the results to the audit committee III. Reviewing the means of safeguarding assets and, as appropriate, verifying the existence of such assets ..........................CONTINUED............................... [Show More]

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