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Internal Audit

Quiz by Sim

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6 questions
Show answers
  • Q1
    What is the main purpose of an internal audit?
    To sell products and services
    To evaluate and improve the effectiveness of risk management, control, and governance processes.
    To prepare financial statements
    To conduct market research
    30s
  • Q2
    What is the objective of operational auditing?
    To prepare tax returns for the company
    To design marketing campaigns
    To conduct employee training programs
    To evaluate the effectiveness and efficiencies of an organization's operations.
    30s
  • Q3
    What is the purpose of a quality audit in internal auditing?
    To assess the conformity of processes, products, and services with established quality standards.
    To develop marketing strategies
    To bookkeeping tasks
    To increase employee salaries
    30s
  • Q4
    What is the purpose of conducting a compliance audit?
    To develop new products
    To conduct employee performance reviews
    To ensure that an organization is following laws, regulations, and internal policies.
    To increase sales revenue
    30s
  • Q5
    What is the primary focus of a financial audit conducted by an internal auditor?
    To promote the company's products
    To conduct market research
    To examine and verify an organization's financial statements for accuracy and compliance with accounting standards.
    To manage human resources
    30s
  • Q6
    What is the purpose of a fraud audit in internal auditing?
    To conduct customer surveys
    To detect and investigate potential fraudulent activities within an organization.
    To increase employee morale
    To develop new products
    30s

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