Exam 21: Internal, operational, and Compliance Auditing

An operational audit is most likely to address an organization's:

A compliance audit is most likely to address an organization's compliance with:

In an audit in accordance with Government Auditing Standards,the auditors are required to perform tests beyond those of an audit in accordance with generally accepted auditing standards relating to internal control over major federal assistance programs.

The organization that issues standards for the practice of internal auditing is the:

When auditing an entity's financial statements in accordance with Government Auditing Standards (the "Yellow Book"),an auditor is required to report on: I.Noteworthy accomplishments of the program. II)The scope of the auditor's testing of internal controls.

A comprehensive examination of an operating unit or a complete organization to evaluate its systems,controls,and performance,as measured by management's objectives is called a(an):

Which of the following is not required of an individual seeking to become a certified internal auditor?

In an audit in accordance with generally accepted auditing standards,the auditors must test compliance with those laws and regulations that:

Operational auditing has grown in importance over the last few decades. a.Define operational auditing. b.Who are the major users of operational audit reports. c.List the phases of an operational audit.

The primary purpose of the internal auditors' evaluation of internal control is to:

In planning an operational audit,an on-site survey could assist with all of the following,except:

The first internal auditors were primarily concerned with financial and accounting functions.

In governmental accounting,emphasis is placed on:

Which of the following best describes the scope of internal auditing as it has developed to date?

Among the Dodd-Frank Wall Street Reform and Consumer Protection Act's requirements is one requiring:

Interviewing operating personnel,identifying the objectives of the auditee,identifying standards used to evaluate performance,and assessing the risk inherent in the auditee's operations are activities typically performed in which phase of an internal audit?

Costs paid with federal assistance that appear to be in violation of a law or regulation are known as:

Kent is auditing an entity's compliance with requirements governing a major federal financial assistance program in accordance with the Single Audit Act.Kent detected noncompliance with requirements that have a material effect on that program.Kent's report on compliance should express a(an):

The internal auditing department provides information about control and quality of performance to:

Independence and Objectivity is one of the sections of attribute standards in the IIA's Standards of the Professional Practice of Internal Auditing.