All of the following are the Specific aspects of proper audit supervision EXCEPT:
A. Ensuring that staff auditors are qualified to perform their assignments and verifying that audit working papers adequately support audit findings, conclusions, and recommendations.
B. Providing clear and timely instructions to staff so audit objectives are achieved.
C. Approving the audit program and ensuring that it is followed, unless approved changes are made.
D. Implemented adequate audit policies and procedures.
Which institution plays a major role in auditing government accounts and operations and in promoting sound financial management and accountability in their governments?
A. International Standards for the Professional Practice of Internal Auditing (ISPPIA).
B. Supreme Audit Institutions (SAIs)
C. International Organization of Supreme Audit Institutions (INTOSAI) Standards.
D. International Standards on Auditing (ISA).
Which is the practice that an organization uses when the audit staff does not possess the needed skills, and management may temporally contract with a specialist to perform the needed function?
A. Accountancy practice
B. Fraud risk assessment practice
C. Outsourcing
D. Control
_________ are periodic assessments of audit quality by members of the audit staff. Where as ___________ are conducted periodically by qualified members outside the audit organization.
A. format reviews, external reviews
B. internal reviews, external reviews
C. periodic reviews, internal reviews
D. external reviews, internal reviews
Inputs are the measurement of efforts or economic resources that are put into a program activity. This category includes both financial and nonfinancial information. Where as Processes are the measurements that relate efforts to accomplishments, generally reporting on efficiency and cost of providing a specific unit of service.
A. Processes, inputs
B. Outputs, processes
C. Processes, outputs
D. Inputs, processes
Crosscutting performance goals are other factors that managers are responsible for across all phases of the service provision process. While these factors cannot always be measured in quantifiable terms, they definitely impact how and why services are provided. Factors to consider include all of the following EXCEPT:
A. Compliance with Laws and Regulations.
B. Reliability, Validity, and Availability of Information.
C. Maintaining Underlying Values.
D. No Continuous Improvement.
Some important elements of supervision include all of the following given below please choose the correct option:
A. Instructing staff members and Developing staff performance expectations.
B. Planning audit work and reviewing work performed.
C. A and B only.
D. All of the above.
_________ covers matters affecting the operations of both the House of Representatives and Senate are usually initiated by means of concurrent resolutions. Where as _________ is a matter concerning the operation of either the House of Representatives or Senate alone is initiated by a simple resolution. They are not presented to the president for action.
A. Bill, joint resolution
B. Joint resolution, bill
C. Concurrent resolutions, Simple resolutions
D. Simple resolutions, joint resolution
__________ result when evidence is used incorrectly. Where as ________ result from a failure to follow the logic of a series of statements. Deductive arguments are based on a series of statements or premises. Deductive logic states that if a series of premises is true, then the conclusion must also be true.
A. Inductive fallacies, deductive fallacies
B. Deductive fallacies, inductive fallacies
C. All of the above.
D. None of the above.
________ is a contract for recurring services related to the maintenance of a public building (i.e. janitorial, custodial, security, window washing, housekeeping), where as _________ is a contract in which Government facilities are provided to a contractor or subcontractor by the government for use in connection with performing one or more related contracts for supplies or services.
A. Facilities contract, Building service contract
B. Professional and consultant services, Transportation term contracts
C. Building service contract, Facilities contract
D. Professional and consultant services, Transportation term contracts
