Question 01
PART A
Column A Column B
1. Assurance Services iv
2. Board xiv
3. Charter vii.
4. Chief Audit Executive (CAE) vi
5. Code of Ethics xi
6. Compliance ii..
7. Conflict of Interest ix.
8. Consulting Services iii.
9. Control xv.
10. Control Processes viii.
11. Governance xiii.
12. Independence xii.
13. Internal Audit Activity viii..
14. Objectivity x.
15. Risk Management i.
PART B
A. True – Findings arise by comparing what should be (criteria) with what is (condition).
B. False – Resources are determined during planning and throughout the engagement, not
just in the preliminary survey.
C. True – The work programme is a step-by-step guide for auditors to follow.
D. False – While the internal auditor plays a significant role, criteria are usually developed
by management and stakeholders.
E. False – The scope is determined by both the engagement objectives and other factors such
as available resources and risks.
PART C
1. Competency
2. Effectiveness and Efficiency
3. Likelihood and Impact
PART A
Column A Column B
1. Assurance Services iv
2. Board xiv
3. Charter vii.
4. Chief Audit Executive (CAE) vi
5. Code of Ethics xi
6. Compliance ii..
7. Conflict of Interest ix.
8. Consulting Services iii.
9. Control xv.
10. Control Processes viii.
11. Governance xiii.
12. Independence xii.
13. Internal Audit Activity viii..
14. Objectivity x.
15. Risk Management i.
PART B
A. True – Findings arise by comparing what should be (criteria) with what is (condition).
B. False – Resources are determined during planning and throughout the engagement, not
just in the preliminary survey.
C. True – The work programme is a step-by-step guide for auditors to follow.
D. False – While the internal auditor plays a significant role, criteria are usually developed
by management and stakeholders.
E. False – The scope is determined by both the engagement objectives and other factors such
as available resources and risks.
PART C
1. Competency
2. Effectiveness and Efficiency
3. Likelihood and Impact
