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CA Final Internal Audit — practice questions — page 4

Explore 99 free Internal Audit questions in CA Final Auditing. Open each question or exercise to read its content, reference answers and available explanation.

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Internal Audit questions and exercises with answers

Showing questions 91–99 of 99.

Internal audit departments track reported findings in a:Read the answer and worked solution →Sawyer urged auditors to focus on which type of auditing?Read the answer and worked solution →Internal audit is often used as what for future managers?Read the answer and worked solution →Internal audit scope can include proactive audits to identify:Read the answer and worked solution →The Sarbanes-Oxley Act, which raised the profession's profile, dates from:Read the answer and worked solution →Internal audit's role in enterprise risk management is typically:Read the answer and worked solution →Strategic planning for internal audit may use which framework?Read the answer and worked solution →Management owns internal control; internal auditors:Read the answer and worked solution →The second line is separate from delivery but is:Read the answer and worked solution →

Worked practice questions

Internal audit departments track reported findings in a:

  1. Fixed asset register
  2. Tax filing register
  3. Dividend payout ledger
  4. Follow-up database
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Correct answer: D. Follow-up database

A database is maintained so that reported findings can be revisited at intervals.

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Sawyer urged auditors to focus on which type of auditing?

  1. Statutory auditing
  2. Operational auditing
  3. Compliance auditing
  4. Taxation auditing
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Correct answer: B. Operational auditing

He pushed a sharp focus on operational or performance auditing beyond financial statements.

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Internal audit is often used as what for future managers?

  1. A recruitment pool
  2. A disciplinary route
  3. A training ground
  4. A retirement route
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Correct answer: C. A training ground

Employees gain deep operational knowledge in internal audit before rotating into management posts.

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More Auditing topics

Auditor's ReportOverview of Audit of Public Sector UndertakingsStandards on Auditing and Professional EthicsInternational Ethics Standards Board for AccountantsRisk Assessment and Internal ControlSpecial Features of Audit of Banks and Non-Banking Financial CompaniesAuditor's Report on Financial StatementsAudit Planning Strategy and Execution