- 1 Marks
AAA – Nov 2013 – L3 – A – Q19 – Internal Audit and Corporate Governance
This question identifies assignments that qualify as continuous audit functions.
Question
Which of the following assignments can be regarded as a continuous audit function?
A. Examining the effectiveness, efficiency, and economy of a cement project
B. Evaluating the adequacy of the security and control measures of the information technology
C. Ascertaining the fairness of the annual financial statements and notes to the accounts
D. Reviewing the internal control procedures before commencing the audit
E. Reviewing the company’s compliance with relevant guidance and release of financial information periodically
Find Related Questions by Tags, levels, etc.
- Tags: Compliance, Continuous Audit, Financial Reporting, Internal Control
- Level: Level 3
- Topic: Internal Audit and Corporate Governance
- Series: NOV 2012
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