END OF SOLUTIONS 100 CGA Canada 2002 CGA CANADA MANAGEMENT AUDITING 1

End of solutions 100 cga canada 2002 cga canada

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END OF SOLUTIONS 100
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©CGA-Canada, 2002 CGA-CANADA MANAGEMENT AUDITING 1 EXAMINATION December 2002 EXAMINER’S COMMENTS General Comments Performance on this examination was better than on the previous two examinations. The examination covered all but one lesson of the MU1 course. Performance was satisfactory on all questions except for Question 4 (control considerations for computer communications and networking environments, and management auditing in a rapidly changing technological environment). Specific Comments Question 1 Multiple choice (Levels 1 and 2) Overall, performance was satisfactory on this question, which included twelve multiple-choice items. Answers to parts (a), (b), (d), (g), (i), (j), and (l) were generally correct, but performance was weak on parts (c), (e), (f), (h), and (k). Question 2 The role of the management auditor (Level 1) In general, candidates provided satisfactory explanations of the differences between the role of the management auditor and the external auditor. Candidates had difficulty with the other two parts of the question. For example, in the part of the question that asked for ways that management auditors can contribute to the management of a business, candidates merely gave the definition of management auditing without saying how that could help the business. Similarly, in the third part of the question, candidates described the different types of assignments that a management auditor is likely to carry out but did not say anything about the new business environment and how it affects the role of the management auditor. Question 3 Introduction to risk management (Level 1); Engagement planning (Level 1) Candidates’ performance on this question was satisfactory for the first and the last part of the question but answers to these parts were, in general, too elaborate. Candidates provided long explanations for items that they were only required to identify and list. In the second part of the question, few candidates were able to describe four risks to which the business would be exposed, and in the third part, some candidates had problems distinguishing between the objectives and the scope of the audit. Question 4 Control considerations for computer communications and networking environments (Level 1); Management auditing in a rapidly changing technological environment (Level 2) Performance was satisfactory in terms of identifying and explaining physical security measures and network controls, although some candidates did not make a distinction between the two categories. For the second part of the question, the answers varied significantly. Many candidates mentioned the general objectives of controls, such as ensuring the reliability and integrity of financial and operational information and the effectiveness and efficiency of operations, but they did not identify control objectives specific to e-commerce. Some candidates correctly identified the control objectives but not the associated techniques that would help meet these objectives.
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