INTERNAL CONTROL : PART 2 & PART 3

Question 1

which of the following is not the organisation's option in responding to fraud case

Accepted Answer

management show good example by having good fraud policy

Question 2

which of the followings is not part of human resource control?

Accepted Answer

review trade receivable ledger

Question 3

which of the following is not the control procedures in distribution department

Accepted Answer

review recruitment policy on staff

Question 4

below are the element of fraud risk management strategy except

Accepted Answer

fraud transparent

Question 5

which of the following is not the element of fraud prevention

Accepted Answer

corporate governance

Question 6

below are the examples of fraud alerts except

Accepted Answer

poor physical security of assets

Question 7

which of the followings is not pasrt of control categories?

Accepted Answer

corporate governance

Question 8

which of the following is not the control procedures to avoid money taken from bank accounts for unauthorised purposes

Accepted Answer

reviewed aged debt listing and investigate

Question 9

assessing the scale of risk to identify probability of fraud is referring to _____

Accepted Answer

risk recognition and assessment

Question 10

which of the following is not the control procedures in receiving an order

Accepted Answer

regular banking/physical security over cash

Question 11

which of the following is not the control procedures to avoid cash stolen in premises

Accepted Answer

check inventory system when ordering

Question 12

which of the followings is not an example of fraud

Accepted Answer

miscalculate total sales

Question 13

which of the following does not indicate example of non-financial qualitative control?

Accepted Answer

balance score card target

Question 14

non-financial quantitative controls refer to the day to day controls over most employees in organisations

Accepted Answer

False

Question 15

which of the following is not the process in developing an adequate control system

Accepted Answer

impose strict rules to employee in reducing the turnover

Question 16

fraud can be refer to unintentional mistakes

Accepted Answer

False

Question 17

which of the following is not the limitation of internal control systems

Accepted Answer

cannot reduce the risk identified

Question 18

which of the following is not the control procedures for recording sales

Accepted Answer

use sequential numbered customer order pads

Question 19

time management involved is one of the cost factor need to be considered in the design of internal controls system

Accepted Answer

True

Questions 19