H is a departmental manager in a private college. The main measure of performance used to assess the Department Manager's effectiveness is meeting the college budgets. The budget for each year is based on the actual expenditure of the previous year adjusted for specific one-off items.Which of the following would arise from using the meeting of this type of budget as a performance measurement?
Answer(s): C,D,E
Company C wishes to recruit an employee who will have responsibility for, among other things, the receipt and handling of cash. Which THREE of the following would be most likely to provide useful information about the candidate from the point of view of the Internal Auditor?
Answer(s): B,D,E
YUI owns 18 factories, which are spread around the country. Each factory employs 500-700 production staff and has its own administrative and accounts departments. It has recently been discovered that the manager in charge of YUI's Hightown factory has been overstating his personal expenses claims for the past five years. The total amount stolen in this manner has been estimated at $10,000.Why would it have been relatively difficult to have prevented this fraud?
Answer(s): A
Which of the following are threats to the control environment?
Answer(s): A,B,C
SDF is a quoted company that has a large internal audit department.Which of the following would impair the independence of SDF's internal audit?
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