AUI3702 The Internal Audit Process: Test of Controls (AUI3702)

MAY/JUNE 2014 QUESTION 1 MULTIPLE CHOICE 1-D 2-A 3-A 4-C 5-D 6-D 7-D 8-B 9-C 10-B QUESTION 2 2.1. Weaknesses Controls Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should be approved by the section head or the supervisors The security personal who mans the entrance is only in place during busy periods. Security personnel should be present at all times to ensure th...

AUI3702-The Internal Audit Process: Test Of Controls EXAM PACK 2014-2018. QUESTION 1 MCQ 1-D 2-A 3-A 4-C 5-D 6-D 7-D 8-B 9-C 10-B QUESTION 2 2.1. Weaknesses Controls Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should be approved by the section head or the supervisors The security personal who mans the entrance is only in place during busy Security personnel should be present at all times t...

AUI3702 The Internal Audit Process: Test Of Controls EXAM PACK 2021. AUI3702 EXAM PACK QUESTION 1 MCQ 1-D 2-A 3-A 4-C 5-D 6-D 7-D 8-B 9-C 10-B QUESTION 2 2.1. Weaknesses Controls Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should be approved by the section head or the supervisors The security personal who mans the entrance is only in place during busy Security personnel should be present a...

AUI3702 EXAM PACK 2021/2022. This is a complete and an all-inclusive guide to AUI3702 - The Internal Audit Process: Test Of Controls Weakness 2.2 Internal controls 1. Orders are being made without receiving an authorized requisition 1. Orders should be made after receiving authorized requisition, prior to the requisition being made the ordering department should confirm whether the goods are really needed 2.The responsibility of deciding on which new toy line should be ordered is don...

AUI3702 EXAM PACK. The Internal Audit Process: Test Of Controls. Weaknesses Controls Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should be approved by the section head or the supervisors The security personal who mans the entrance is only in place during busy Security personnel should be present at all times to ensure that employees clocks S - The study-notes marketplace Downloaded by: mmatshephod | ...

AUI3702_Study_Notes. This is a complete an an all-inclusive guide to AUI3702 - The Internal Audit Process: Test Of Controls Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Code of Ethics Principles ...

AUI3702_Study_Notes. A framework is a basic skeletal structure for classifying and organizing concepts or various elements.  The IPPF provides a structure for the internal audit profession’s technical guidance [Type here] © 2017 Together We Pass. All rights reserved. The IPPF Ensures:  Clarity-What is authoritative, mandatory or vice-versa.  Transparency  Timeliness-Defined processes [Type here] © 2017 Together We Pass. All rights reserved. Definition Interna...

Topic 1: IPPF requirements and guidance for performing tests of controls Code of ethics & The rules of conduct The purpose of the IIA Code of Ethics is to promote an ethical culture in the internal audit profession. Internal auditors should strive to comply with these principles to earn the trust of those who rely on their services.  Integrity o Perform work with honesty, diligence and responsibility o Observe the law and make disclosures expected by law or the profession o Not be part...

The internal audit process 1. Determining audit assignment and overall plan 2. Planning the internal audit 3. Performing the engagement 4. Audit reporting and follow-up The assurance engagement process I. Planning the internal audit 1. Determine engagement objectives and scope 2. Understand the auditee objectives, including auditee objectives and assertions 3. Identify and assess risks 4. Identify key controls 5. Evaluate adequacy of control design 6. Create a test plan 7. Develop a...

The aim of the International Professional Practices Framework (IPPF), developed and published by the Institute of Internal Auditors (IIA) is to ensure professionalism and consistency in the practice of internal auditing. Internal auditors demonstrate their professionalism by adhering to the IPPF. This IPPF diagram illustrates that internal auditors must adhere to the stipulations of The definition of internal auditing, the International Standards and the Code of Ethics, And that it is strong...