Questions

1. 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.
a. Operational audit
b. Internal audit
c. Audit
d. None of the above

2. related to the auditors’ frame of mind and their ability to examine documents, processes, and
programs without a bias, without an agenda, with no other motive than to find the truth and
communicate it accurately and promptly
a. Assurance
b. Independence
c. Objectivity
d. consulting
3. giving advice to management and the board, and engaging in activities that helps the
organization resolve nagging business issues.
a. Assurance
b. Independence
c. Objectivity
d. Consulting
4. Has to do primarily with the position of internal audit within the organization’s hierarchy
a. Assurance
b. Independence
c. Objectivity
d. Consulting
5. auditors’ ability to give confidence and make statements regarding the condition of matters
within the organization.
a. Independence
b. Objectivity
c. Consulting
d. Assurance

6. is a legal duty to act solely in another party’s interests. Parties owing this duty are called
fiduciaries. The individuals to whom they owe a duty are called principals. Fiduciaries may not
profit from their relationship with their principals unless they have the principals’ express
informed consent.
a. Operational Audit
b. Internal Audit
c. Audit
d. Fiduciary Duty
 7. Computer systems designed with an inaccurate understanding of the business needs and uses of
these systems, poor data capture, and inadequate reporting mechanisms
a. IT
b. Human Resources
c. Operation Management
d. CSR
8. Some of the related issues are waste, inefficiencies, supplies that arrive late, poor customer
satisfaction, and limited capacity to grow as opportunities arise or customers’ demands change.
a. CSR
b. Human Resources
c. Operation Management
d. Environmental Health and Safety
9. Issues range from child labor, sweatshop conditions, abusive management, and inappropriate
waste disposal.
a. IT
b. CSR
c. Operation Management
d. Mass Marketing
10. practices and conditions related to poor ventilation, excessive heat, extreme noise levels, and
workplace hazards caused by chemicals, machinery, and workplace configurations, among
others.
a. Mass Marketing
b. CSR
c. Operation Management
d. Environmental Health and Safety

ANSWER

1. Internal audit

2. Objectivity

3. Consulting

4. Independence

5. Assurance

6. Fiduciary Duty

7. IT

8. Operation Management

9. CSR
10. Environmental Health and Safety