SOX Live Testing Reminders
Quiz
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Other
•
Professional Development
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Medium

Rona Cement
Used 4+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Based on Republic Cement’s good results for the past 3 years, we were selected to be part of this project.
What is this project of the Group called?
Limited SOX Testing
Rollforward Testing
Audit Testing
Live Testing
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
As the result of Group's assessment, only ___ out of ___ (77%) of the key controls will be tested.
54; 70
55; 68
53; 69
53; 70
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Limited SOX Testing applies to both CRH Group IA Testing and SGV Testing.
True
False
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
In Limited SOX Testing, if a control passes during live testing, Group IA it will not be tested again during rollforward.
True
False
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
During rollforward testing, controls tested by SGV during the Live Testing will not be tested anymore.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not considered an effect of the Limited SOX Testing project?
↓ number of controls to be tested by Group IA
↓ SGV reliance testing
↑ SGV independent testing
↓ expectations in the quality of control evidence
None of the above.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are considered to be an attribute of a quality control evidence
Shows how the control was performed, checks accuracy and completeness.
Timely prepared.
Traceable to underlying/support documents.
All of the above.
None of the above.
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