Risk/Control Frameworks in Auditing Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What activity shares the financial health of the company, to internal or external stakeholders?

Question 2 2. Which of the following is NOT one of the areas that CoCo (Criteria of Control) criteria address?

Question 3 3. Which of the following is a coverage area from COSO's framework?

Question 4 4. Which of the following is an example of segregation of duties?

Question 5 5. Which of the following is NOT an appropriate response to risk?

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Question 6 6. Proper documentation is necessary to prove that a transaction was all of the following EXCEPT:

Question 7 7. What is the MAIN purpose of internal controls?

Question 8 8. Who created the CoCo (Criteria of Control) framework?

Question 9 9. Which of the following is NOT one of the dimensions of the COSO framework?

Question 10 10. What does COSO stand for?

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Question 11 11. In which of the CoCo (Criteria of Control) framework areas could the following question be posed: Are the actions of employees in our department coordinated with the rest of the company?

Question 12 12. On which level of the organization does the CoCo (Criteria of Control) framework begin?

Question 13 13. In which of the CoCo (Criteria of Control) framework areas could the following question be posed: As an employee, do I understand what I'm accountable for and do I know my areas of responsibility?

Question 14 14. Internal controls are important in a government department because:

Question 15 15. Which type of division may not be based on physical proximity, but rather based on the type of work they do?

Risk/Control Frameworks in Auditing Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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