題目

Which of the following statements about internal audit is true?

A

Internal audit is an independent appraisal activity

B

Internal audit is separate from the organisation's internal control system

C

Internal audit is carried out solely for the benefit of the organisation's stakeholders

D

The internal audit function reports to the finance director

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Chapter9Control,securityandaudit

Rationale: Internal audit is independent, but is still part of the internal control system: it is acontrol which examines and

evaluates the adequacy and efficacy of other controls. Internal auditors should report direct tothe audit committee of the

board of directors (in order to preserve independence). It is external audit which is for the benefit of shareholders: internal

audit is a service to management.Ways in: Once you realised that the options were circling round different aspects of the

definition of internal audit, and thedifference between internal and external audit, you would be better able to sort out which

statement was given to you 'straight' - and which were opposites of the true points

多做幾道

Monetary policy is a government economic policy relating to:

1 Interest rates

2 Taxation

3 Public borrowing and spending

4?Exchange rates

Which of the above are correct?

A

1 and 4

B

?2 and 3

C

2 and 4

D

3 and 4

Which of the following organisations might benefit from a period of high price inflation?

A

An organisation which has a large number of long-term payables

B

An exporter of goods to a country with relatively low inflation

C

A large retailer with a high level of inventory on display and low rate of inventory turnover

Which of the following are the goals of macroeconomic policy?

1 Encouraging economic growth

2 Low unemployment

3 Achievement of a balance between exports and imports

4 Achieving zero inflation

A

1 and 2

B

2 and 3?

C

2, 3 and 4

D

1, 2 and 3

Which of the following is an example of cyclical unemployment?

A

The entry of school leavers into the labour pool each year

B

Lay-offs among agricultural labourers in winter

C

Automation of ticketing services in tourism

D

Recession in the building industry

A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this?statement?

A

Current

B

Capital

C

Financial

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