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Essentials of Internal Auditing

Last Update Jun 14, 2025
Total Questions : 735 With Comprehensive Analysis

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Essentials of Internal Auditing Questions and Answers

Questions 1

The management team of an agricultural organization has prioritized corporate social responsibility (CSR) initiatives. Which of the following would be considered a CSR activity?

Options:

A.

Offering a one-off donation to an environmental charity for its expansion efforts

B.

Organizing organization volunteers to provide periodic plantation skill sharing to farmers

C.

Providing special year-end monetary bonuses to the organization's employees at all levels

D.

Arranging a free-of-charge picnic for all of the organization's employees and their family members

Questions 2

Which of the following characteristics is typical of the internal audit activity?

Options:

A.

Serves third parties that need reliable financial information from audit engagements

B.

Responds to the needs and desires of senior management and the board, but remains independent of areas under review

C.

Ensures the organization complies with laws and regulations in the area under review

D.

Is completely independent of senior management, the board and the area under review

Questions 3

Which of the following represents an example of an ethical issue that the organization should address'?

Options:

A.

An employee discovered that there is no personal protective equipment at a temporary construction site

B.

An employee saw that a group of other employees were smoking in close proximity to petrol distribution tanks

C.

A supervisor insists that an employee complete time sheets regularly

D.

An employee received concert tickets from a vendor and asked whether she could keep them