AUE2601 May/Jun 2016 exam paper — questions

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Every question, by topic

  1. Question 1.1 · Definition, role and responsibilities of internal audit · 1.5 marks

    Select the alternative that best completes the following statement of the Mission of Internal Audit: 'To enhance and ___(a)___ organizational value by providing risk-based and objective assurance, ___(b)___, and insight.'Show the full question

  2. Question 1.2 · Internal auditor roles, qualifications and characteristics · 1.5 marks

    Identify which one of the following alternatives forms part of the personal characteristics required of an internal auditor, where the listed traits are: (i) a practical approach, (ii) an extrovert personality, (iii) being assertive, and (iv) good interpersonal relations.Show the full question

  3. Question 1.3 · International Professional Practices Framework (IPPF) and standards · 1.5 marks

    Determine which one of the following is NOT an element of the International Professional Practices Framework (IPPF): the definition of internal auditing; the International Standards for the Professional Practice of Internal Auditing; the internal audit charter; or the IIA Code of Ethics.Show the full question

  4. Question 1.4 · Definition, role and responsibilities of internal audit · 1.5 marks

    Choose the alternative that correctly completes the sentence: 'The main purpose of an internal audit is to...' The options are: reviewing the means of safeguarding assets and, where appropriate, verifying the existence of such assets; reviewing the reliability and integrity of financial and operating information; appraising the effectiveness and efficiency of operations; or assisting management of the organisation in the effective discharge of their responsibilities.Show the full question

  5. Question 1.5 · The internal audit process and fieldwork · 1.5 marks

    Identify which one of the following options is an example of a directive control: review of exception reports, personnel access cards, procedure manuals, or physical stock counts.Show the full question

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