CPPA, Module 4 Exam COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS 2025(GRADED A+) DETAILED
ANSWERS!!
Terms in this set (155)
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
, 1. State the Audit's Objectives
2. Define the Attributes and/or Transactions to be
Tested
3. Define the Population
4. Specify Acceptance and Rejection Rates
5. Determine the Sampling Method
What are the steps in 11
steps in the Audit 6. Select a Sample
Process? marketing, management,
economics, entrepreneurship, and international
business.1.2. Structure of Business
ExamsBusiness exams are often a mix of
theoretical knowledge and practic
7. Perform the Audit
8. Analyze Defects
9. Generalize the Sample to Population
10. Determine the Status of the Process that is
Under Review
11. Issue the Report
, - It is an objective and impartial review of an
organization's established polices and systems.
What is an internal audit?
- One that is performed according to well-
established rules and procedures
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
Stating the audit's With knowledge and good judgement coupled
objectives, defining the with the highest ethic standards
attributes or transactions
to be tested, defining the
population, determining
the sampling method,
selecting the samples,
and analyzing the
defects often cannot be
reduces to formulae;
What must they be
accomplished with?
When defects are found, Their reasonableness, materiality, absolute
what must their impact magnitude, relative magnitude, qualitative
be measured against? attributes, and cause
, marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
What two benefits does 1. It helps property managers to prepare for an
the Property Manager audit
receive in a result of
knowing how an audit is 2. It provides a guidebook for the ongoing scrutiny,
organized and evaluation, and upgrading of the property system
conducted and how its
results are interpreted?
A systematic, objective review and evaluation of an
What is property audit?
organization's property control system.
- Minimizing waste
What are the benefits of
- Improving customer service
a property audit?
- Safeguarding organizational assets
What forms the Written procedures
foundation of the
property control
system?
While stating the audit's Bias which is a predisposition toward a finding or in
objective, what must not the choice of objectives
enter into the audit in
any way?
VERIFIED ANSWERS 2025(GRADED A+) DETAILED
ANSWERS!!
Terms in this set (155)
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
, 1. State the Audit's Objectives
2. Define the Attributes and/or Transactions to be
Tested
3. Define the Population
4. Specify Acceptance and Rejection Rates
5. Determine the Sampling Method
What are the steps in 11
steps in the Audit 6. Select a Sample
Process? marketing, management,
economics, entrepreneurship, and international
business.1.2. Structure of Business
ExamsBusiness exams are often a mix of
theoretical knowledge and practic
7. Perform the Audit
8. Analyze Defects
9. Generalize the Sample to Population
10. Determine the Status of the Process that is
Under Review
11. Issue the Report
, - It is an objective and impartial review of an
organization's established polices and systems.
What is an internal audit?
- One that is performed according to well-
established rules and procedures
marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
Stating the audit's With knowledge and good judgement coupled
objectives, defining the with the highest ethic standards
attributes or transactions
to be tested, defining the
population, determining
the sampling method,
selecting the samples,
and analyzing the
defects often cannot be
reduces to formulae;
What must they be
accomplished with?
When defects are found, Their reasonableness, materiality, absolute
what must their impact magnitude, relative magnitude, qualitative
be measured against? attributes, and cause
, marketing, management, economics, entrepreneurship, and international business.1.2. Structure of Business ExamsBusiness exams are often a mix of theoretical knowledge and practic
What two benefits does 1. It helps property managers to prepare for an
the Property Manager audit
receive in a result of
knowing how an audit is 2. It provides a guidebook for the ongoing scrutiny,
organized and evaluation, and upgrading of the property system
conducted and how its
results are interpreted?
A systematic, objective review and evaluation of an
What is property audit?
organization's property control system.
- Minimizing waste
What are the benefits of
- Improving customer service
a property audit?
- Safeguarding organizational assets
What forms the Written procedures
foundation of the
property control
system?
While stating the audit's Bias which is a predisposition toward a finding or in
objective, what must not the choice of objectives
enter into the audit in
any way?
