How to identify a risk
Risk: The possibility that an event will occur and adversely affect the achievement of
Inherent risk: The combination of internal and external risk factors in their pure,
uncontrolled state, or, the gros
Every human being has certain objectives in life. Being the manager of your life, you
would have set certain objectives for yourself. Being registered for this module
indicates that one of your objectives is to obtain a degree at Unisa. Since this is a
Practice Multiple Choice Questions for Payroll, Sales and Collections, Acquisitions and Payment
1. The internal auditor is reviewing shipping procedures of a manufacturing company. The
auditor should be greatly concerned when
merchandise is s
Diarise deadlines for
assignments and plan time to
Tests of controls
Confirm with your work and
friends that you have diarised
all commitments and that you
still have time to complete the
assignments as planned.
Gleim's CIA Test Prep: Part I: Internal Audit's Role in Governance, Risk, and Control
Certified Internal Auditor (CIA)
The CIA-II practice exam is written and formatted by Certified Senior IT Professionals working in
today's prospering companies an
Chapters 8: Risk of Fraud an Illegal Acts
a. Acts in which individuals wrongfully use their influence in a business transaction in order to
procure some benefit for themselves or another person
2. Common fraud perpetrator red flags
Directors, management, external auditors, and internal auditors all
play important roles in creating proper control processes. Senior
management is primarily responsible for
A. Establishing and maintaining an organizational culture.
2014 S1 A1
1.1 Which one of the following types of audit tests would be the most persuasive if an
internal auditor wanted assurance of the existence of inventory stored in a warehouse?
1. Physically inspecting the inventory in the warehouse.
TOPIC 1 SUMMARY NOTES : INTERNATIONAL PROFESSIONAL PRACTICE FRAMEWORK (IPPF)
A framework is a basic skeletal structure for classifying and organizing
concepts or various elements.
The IPPF provides a structure for the internal audit professions technical
. Guiding standard [SA 53!. A edit Sampling and Either Selective Testing procedures.
Audi sampling can bedefined as attappliratienodltalit procedmcit to lest that moo of items Iwithin an
tenant bahnxah'cllsanfuatlctima such tlt .Ill sampling
Study unit 1.1: IIA Code of Ethics
Study the IIA Code of Ethics in Reding et al: appendix A.
Study the discussion of the IIA Code of Ethics in Reding et al, chapter 2.
Study unit 1.2: International standards for the Professional Practice of
Examination technique when attempting a test of control question
After completing the activity, you should have a better knowledge and
understanding of how tests of controls should be formulated in a manual and
automated business environment.
A hint on ho
The internal audit
The internal audit charter should clearly state the
internal auditors responsibility and authority to conduct
tests of controls within the organisation.
UNIVERSITY EXAMINATlONS UNIVERSITEITSEKSAMENS
AU B702 MayIJune 2015
THE INTERNAL AUDIT PROCESS: TEST OF CONTROLS
Duration 2 Hours 100 Marks
FIRST MS M EDWARDS
SECOND MRS BM VAN WYK
Use of a non-programmable pocket calculator is per
For those students who have not procured Internal Auditing: Assurance and Advisory Services and who are not internal auditing
students, please replace the chapters in your study guide which refer to Assurance and Advisory Services with the f
How to formulate an audit objective
What is an audit objective?
Audit objectives are broad statements developed by the internal auditor that define
the intended audit accomplishments.
Audit objectives are specific statements about some aspect of a particu
Tutorial Letter 201/2/2016
THE INTERNAL AUDIT PROCESS: TEST
Department of Auditing
This tutorial letter contains important
information about your module.
BRIEFING . 3
Table 2B: Acceptance sampling (for random samples only)
Population size 1 000
Acceptance When population contains an error rate of
the probability of accepting the population is
COLLEGE OF ACCOUNTING SCIENCES AUDITING
STUDENT DAY STUDENT DAY
20 April 2016
ZK Matthews Hall, Theo van Wyk
Executive Dean: College of Accounting Sciences
Prof Elmarie Sadler
CEO: Institute of Internal Auditors
Reding et al.
- discussion of the IIA Code of Ethics
- discussion of the Standards
- discussion of governance
- 6-9 to 6-31
- Coordination with independent outside auditors
- Audit pro
Table C: Discovery sampling (for random samples only)
Population size 1 000
Where population contains an error rate of
the probability of finding at least one irregularity is