Last Attempt IIA-ACCA Questions

Assert whether the described and reported control processes and systems exist.

Assess whether senior management adequately supports and promotes the internal control culture described in the report.

Evaluate the completeness of the report and management's responses to identified deficiencies.

Determine whether management's operating style and the philosophy described in the report reflect the effective functioning of internal controls.

To evaluate controls regarding the computer security of an oil refinery.

To examine the processes involved in exploring, developing, and operating a gold mine.

To assess the likelihood and impact of events associated with operating a finished goods warehouse.

To link a financial institution's business objectives to a work unit responsible for the associated risk.

Recommend additional segregation-of-duty reviews.

Recommend appropriate awareness training for all finance department staff.

Recommend rotating finance staff in this area.

Recommend that management address these concerns immediately.

To gain access to a wider variety of skills, competencies and best practices.

To complement existing expertise with a required skill and competency for a particular audit engagement.

To focus on and strengthen core audit competencies.

To provide the organization with appropriate contingency planning for the internal audit function.