EMT Practice Test

1. Question Content...

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Question1: _________addresses performance measures by requiring all major federal agencies to prepare a financial statement that reflects not only the agency's financial position, but also the results of operations of the agency's offices, bureaus, and activities.

Question2: A centralized purchasing agency organizes purchasing efforts and procurement decisions. All of the following are advantages of central purchasing EXCEPT:

Question3: The purpose of compliance audits is to test the organizations conformity with some objective standard or criteria. All of the following are attributes that contribute to an effective compliance system EXCEPT:

Question4: All of the following are objectives of a centralized function EXCEPT:

Question5: Which is the practice that an organization uses when the audit staff does not possess the needed skills, and management may temporally contract with a specialist to perform the needed function?

Question6: The goal of the comprehensive approach is to identify potential significant control weaknesses for further review. All of the following are the general steps in the process EXCEPT:

Question7: Who control the operation of the computer system and for the efficient use of computer resources which is responsible?

Question8: The characteristics of ____________ will vary based on the _____ of the audit unit and the nature of its work. Where as The frequency of required quality assurance reviews varies based on the _____ of standards followed.

Question9: The audit function within government provides all of the following benefits EXCEPT:

Question10: Security administration is responsible for security over the computer facility, including all aspects of physical and data security. Following is a list of Control techniques for security administration. Please choose the correct option.

Question11: All of the following are major steps in the strategic planning process EXCEPT:

Question12: The risk analysis process involves all of the following given below EXCEPT:

Question13: Within the new framework, the Guidance Task Force called for the development of three sets of standards please mark the correct answer:

Question14: There are _________of audit planning. The first type, which is the focus of this section, involves managements role in setting up ___________, authorizing appropriate resources, and selecting the functional areas to be audited. The second type of audit planning, which is discussed in Section II.C.2, involves the _________ associated with specific audits.

Question15: Who should approve the charter for government entities?

Question16: The COSO report suggests that organizations should plan to the extent possible for change. All of the following are Specific elements related to planning for change EXCEPT:

Question17: Personnel systems and central personnel offices typically provide all of the following services EXCEPT:

Question18: All of the following is the terminologies used to refer to audits of performance EXCEPT:

Question19: ________ is the formal method where an employees work product is appraised. Where as there should be formal guidelines that promote fair and equitable ________ and help ensure that employees are made aware of behavioral problems and have the option to modify their behavior.

Question20: A material misstatement is one that the auditor determines would change or influence the opinion of a reasonable person relying on the financial statements for information. Material misstatements may result from the following please choose the correct option:

Question21: _________is defined as the ongoing monitoring and reporting of program accomplishments, particularly progress toward established goals.

Question22: All of the following are Methods of measuring performance EXCEPT:

Question23: All of The following are the areas that should be considered when identifying specific performance to measure EXCEPT:

Question24: ________make decisions themselves and issue orders to subordinates without seeking their input and without regard to their feelings where as __________ use a more democratic approach to leadership.
Practitioners of participate management seek out and incorporate input from subordinates when making decisions.

Question25: Which of the following factors may influence the auditors assessment of control risk please choose the correct option:

Question26: The budgeting cycle incorporates all of the following components EXCEPT:

Question27: The characteristics of ____________ will vary based on the _____ of the audit unit and the nature of its work. Where as The frequency of required quality assurance reviews varies based on the _____ of standards followed.

Question28: All of the following are the benefits of internal and external reviews EXCEPT:

Question29: Beneficiaries are people who may never read the audit report, but whose services are improved because the audit was conducted. All of the following are examples of beneficiaries EXCEPT:

Question30: _______enables managers and auditors to directly link the costs of program resources to the objects produced, whether the objects are products or services. The link is established through the costing of the activities performed in producing the object.

Question31: Most governments have some form of a centralized budgeting agency. All of the following are areas addressed by budget offices EXCEPT:

Question32: The following are guidelines for using performance data to evaluate performance EXCEPT:

Question33: ______ quantify the amount of resources used or planned for a specific service or program. Where as________report quantities of products or services delivered by a program or agency.

Question34: The customer-driven approach operates under the business model where all efforts are geared toward developing and retaining the customer base. This approach promotes the ability to react and adapt to customer needs and to provide services in an efficient and effective manner:

Question35: All of the following are guidelines for effective personnel management EXCEPT:

Question36: All of the following are the components of The Professional Practices Framework which was approved by The IIAs Board of Directors in June 1999 EXCEPT:

Question37: _______ are measures of inputs. These input measures include both financial items such as salaries and equipment costs, as well as non financial items such as the number of staff hours allocated to a particular function. ________ are defined as outputs and outcomes.

Question38: The form and content of written policies and procedures should be appropriate to the size and structure of the auditing department and the complexity of its work. Formal administrative and technical audit manuals help employees to consistently comply with established performance standards.
Then who is responsible for developing and maintaining written policies and procedures to guide audit staff?

Question39: The basic elements of effective decision-making are also used as standard guidelines for information technology project management practices. All of the following are the basic steps in decision-making EXCEPT:

Question40: Strategic planning in government is the process of making decisions about how to achieve an entity's mandates and goals and determining the resources required to accomplish those goals. Where as Strategic plans should be updated on a regular basis and are long-term in nature:

Question41: ____________ is an independent, objective assurance and consulting activity designed to add value and improve organizations 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.

Question42: All of The following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:

Question43: All of the following are the examples of Resources (and resource drivers) EXCEPT:

Question44: All of the following are the factors on which audit work schedules may be based on EXCEPT:

Question45: All of The following are guidelines for developing adequate performance measures EXCEPT:

Question46: _______can be defined as A set of tasks to be costed or analyzed as a group, having both inputs and outputs. Where as _______can be defined as the mechanism that links an object with the frequency and intensity of the performance of an activity for the object.

Question47: An assessment of management controls can influence all of the following elements of the audit program EXCEPT:

Question48: __________focus on the results of the program in order to determine the programs effect. The net effect of a program can be analyzed by studying its outputs and outcomes in relation to the programs objectives.

Question49: Management controls are the plans, methods, and procedures adopted by management for measuring, reporting, and monitoring program performance. All of the following are objectives of management control EXCEPT:

Question50: When evaluating whether an organization understands its information needs, auditors should obtain an overview of each computer application that is significant to the financial statements or to achieving the mission and objectives. Information that an auditor should be interested in includes all of the following EXCEPT:

Question51: Following are the field standards that are applicable to all types of audits EXCEPT:

Question52: _________assess the overall effect of the program and are typically conducted on a periodic or as needed basis, in contrast to performance measurement, which is performed on an ongoing basis.

Question53: All of the following are the Specific aspects of proper audit supervision EXCEPT:

Question54: Which of the following are the two broad classifications of management styles please mark the correct option:

Question55: The following are guidelines for evaluating performance reports EXCEPT:

Question56: A number of states and local governments have implemented initiatives for performance measurement and performance budgeting. Examples include all of the following EXCEPT:

Question57: Government auditing serves a variety of customers. What are the three main types of customers which they serve please mark the correct one?

Question58: In addition to the characteristics described above, performance measurement information should have all of the following characteristics EXCEPT:

Question59: _________ are periodic assessments of audit quality by members of the audit staff. Where as
___________ are conducted periodically by qualified members outside the audit organization.

Question60: All of The following are the steps that should be followed to evaluate the reliability of performance data in cases where a performance measurement system does not exist EXCEPT:

Question61: The purpose of an __________is to have an independent assessment of the quality of the audit units work. Also __________ focus on assessing the extent the audit organization followed applicable standards in conducting its work:

Question62: Which of The following two approaches can be used to evaluate management controls in performance audits?

Question63: The term _________ refers to the audit procedures deemed necessary in the circumstances to achieve the objective of the audit. The procedures required to conduct an audit in accordance with _________ should be determined by the auditor having regard to the requirements of ISAs, relevant professional bodies, legislation, and regulations:

Question64: All of The following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:

Question65: All of the following are the General questions auditors need to answer when auditing an organizations control environment please chooses the correct option:

Question66: Following is the information that audit charters generally address.

Question67: The ultimate penalty is generally _____ and _____guidelines are developed to ensure that the termination is warranted and that the employee has been adequately apprised of his or her behavioral problem:

Question68: The steps in developing an activity-based costing system are as follows EXCEPT:

Question69: The _________ address the attributes of organizations and individuals performing internal audit services.
The ___________ describe the nature of internal audit services and provide quality criteria against which the performance of these services can be measured:

Question70: All of the following are the examples of Activities (and activity drivers) EXCEPT:

Question71: Although some Practice Advisories may be applicable to all internal auditors, others may be developed to meet the needs of a _______, a __________, or _________, including guidance on topics such as environmental issues, control self-assessment, information technology, government auditing, and guidance issued by other standard setting bodies and adopted by ______________.

Question72: The purpose of __________ is to promote an ethical culture in the profession of internal auditing. A
___________ is necessary and appropriate for the profession of internal auditing, founded as it is on the trust placed in its objective assurance about risk management, control, and governance:

Question73: Which committee of IFAC issues pronouncements aimed at developing and harmonizing public sector financial reporting, accounting, and auditing practices while Public sector refers to national governments, regional (state, provincial, territorial) governments, local (city, town) governments, and related governmental entities (agencies, boards, commissions, and enterprises)?