Q1.

In preparing for a Workshop, what is Stage 2?

1.

Preparation

2.

Planning

3.

Run the Event

4.

After the Event

4 points

Q2

Corporate governance deals with all EXCEPT the following:

The board structure

The role of non-executive directors

Internal auditors and their role in verifying the financial accounts.

Succession planning for key figures.

Q3

In an audit, risk assessment and internal control should be built into the way strategy is analyzed and implemented. The authors state that likewise, the manager should take a strategic approach to reviewing risk, controls, and compliance and the authors developed 10 standards. The standard that is the "main stage" and involves checking the way risks are addressed and whether smart controls are in place is called the ________ __________.

Q4

Which of the following is a common mistake that may occur with a Team's Initial Audit?

1.

Workshops are held without regard to a high-level risk map of the organization.

2.

The initial audit process is mainly used to look for abuse among staff.

3.

Investigations carried out with a real focus on improving controls

4.

The audit process does not involve proper testing or evidence gathering.