Internal Audit Awareness Month Pop Quiz

A professional setting depicting internal auditors engaged in discussions, with documents and a whiteboard visible, symbolizing the essence of internal auditing and governance.

Internal Audit Awareness Month Pop Quiz

Test your knowledge about internal auditing and its importance in organizations. This quiz will challenge your understanding of internal control, governance, and the role of internal auditors.

Multiple choice questions
True or false statements
Gain insights into the practices of internal audit

11 Questions3 MinutesCreated by EvaluatingCloud527

1. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.

True

False

2. Internal control is…

The combination of processes and structures implemented by the board to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.

Is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency.

Includes the methods and processes used by organizations to identify, assess and manage risks related to the achievement of their objectives.

4. __________is the freedom from conditions that threaten the ability of the internal audit activity to carry out internal audit responsibilities in an unbiased manner.

Assurance

Consulting(advisory) services

Objectivity

Independence

5. Which of the following statements are true?

We are a global force with 100,000 + members in 120 countries and territories and 180,000 certified Internal Auditors worldwide. This is The IIA. (The Institute of Internal Auditors)

We are a global force with 110,000 + members in 135 countries and territories and 185,000 certified Internal Auditors worldwide. This is The IIA. (The Institute of Internal Auditors)

We are a global force with 200,000 + members in 125 countries and territories and 181,000 certified Internal Auditors worldwide. This is The IIA. (The Institute of Internal Auditors)

We are a global force with 210,000 + members in 125 countries and territories and 180,000 certified Internal Auditors worldwide. This is The IIA. (The Institute of Internal Auditors)

7. Some benefits of internal audit are:

Efficiency, improved compliance, discipline, integrity

Efficiency, improved compliance, security, integrity.

Efficiency, improved compliance, loyalty, integrity.

8. Internal audit helps an organization accomplish its objectives by only disciplined evaluating the effectiveness of risk management, control processes.

True

False

9. ‘Governance’ refers to

The relationship organizations have with Government Agencies

The ability of organizations to set their strategic objectives and manage their operations free from the interference of external parties

The combination of processes and structures implemented by management to inform, direct, manage, and monitor the activities of the organization toward the achievement of its objectives.

None of the above

Internal Audit Awareness Month Pop Quiz

Internal Audit Awareness Month Pop Quiz

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