Ac 562 final exam

Ac 562 final exam - 1(TCOA)(Points:4 Servecustomers...

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1.  (TCO A) Businesses do not exist to: (Points : 4)  Serve customers Convert cash Manage debt None of the above 2.  (TCO A) The Three E's of operation auditing do not include: (Points : 4)  Economy Efficacy Efficiency Effectiveness 3.  (TCO B) Budgeted to actual performance data can be utilized to identify: (Points : 4)  Areas for further investigation Financial fraud Management effectiveness Control weaknesses 4.  (TCO C) The key to a successful operational audit is: (Points : 4)  Skilled assessors Automated work papers A strong work program All of the above 5.  (TCO C) A successful work program is the byproduct of (Points : 4)  good planning automated work papers strong audit leadership All of the above 6.  (TCO A-D) Interviewing, financial analysis, observing processes are all part of the ___________phase. (Points : 4)  survey planning work program reporting 7.  (TCO D) The review team should be aware of various management and operational techniques, which includes all of the  following except: (Points : 4)  Re-engineering Mental Models Spirituality Greenfielding 8.  (TCO E)One of the functions of the operational review report is to  (Points : 4)  identify responsible management
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persuade and call to action benchmark performance none of the above 9.  (TCO E) Statement of condition looks at the following, except: (Points : 4)  what is found what is observed what is defective who is process owner 10. 
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Ac 562 final exam - 1(TCOA)(Points:4 Servecustomers...

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