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PPM21002: Basic GMP1 (Quiz 5)-Documentation Flashcards | StudBud
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PPM21002: Basic GMP1 (Quiz 5)-Documentation
PPM21002: Basic GMP1 (Quiz 5)-Documentation
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Answers
1
Which is statistical approach?
Random selection
Haphazard sample
Directed sample
Block selection
2
Which of the following is NOT a criterion for requirements documentation quality?
Atomic
Complete
Bounded
Consistent
3
Data collection documents are:
Protocols
Goals, standards, commitments
Chain of custody forms
Instructions
4
Following are the purposes of Permanent File, EXCEPT:
Evidence to support auditor’s report
To preserve audit working paper on items which won’t change
None of the above
Record items applicable over long term
5
What is documentation?
Material that provides official information
All the above
The process of classifying and annotating texts
Document is any written statement or, proof of any activity
6
The commitment documents are:
A record of data
Instructions
Goal, Standards, Commitments
Protocols
7
Following are the types of Audit File, EXCEPT:
Current file
None of the above
Computer file
Permanent file
8
Please provide reasons why we need proper documentation
None of the above
Reduce time efficiency in locating document
Simplifies processes and makes information less accessible
Standardize business practices
9
Which one is the item that can be found in permanent file?
Audit program
Long term agreements copies
Details of client meeting
Working trial balance
10
Documentation is:
Only Written on Paper
Only Electronic
A Seal of approval
A System of Records
11
What theory does the statistical approach use?
Pythagoras theorem
Algebraic Expression
Statistics method
Probability Theory
12
Which of the following is INCORRECT?
Requirements specification has its intended purpose
Requirements document is more loose than requirements specification
Requirements document has no structure
Requirements specification is a sub-set of requirements document
13
There are many reasons to audit working papers. Which option is not important for the audit working paper?
To check if internal control had less risk of fraud
These will be used in statement of financial position
To systemize the files more easily with permanent and current file
To write down every professional judgement and result
14
Who are the real owners of the audit working papers?
The client
Business owner of the company
The client and auditors
The auditors
15
What are the types of audit files does the auditor have?
Audit working papers
Financial statement
Current and permanent file
Audit program
16
SOP stands for:
Statement of Procedure
Standard Operating Procedures
Stock option Plan
Statement of Purpose
