DOT - BAICS Training

Appraisal of the plan of organization and all the coordinated methods and measures

• Internal control

• External audit

• Internal audit

Laws, rules and regulations on public governance and accountability, and applicable jurisprudence are considered the highest law of the land.

• TRUE

• FALSE

The following are internal auditing principles, except for:

• 1. Hierarchy of applicable internal auditing standards and practice

• 1. Political consideration/affiliation

• 1. Objectivity and impartiality, and avoidance of conflict of interest

• 1. Professional competence

• 1. Authority and confidentiality

The following are internal control components, except for:

• Control Environment

• Control Activities

• Monitoring and Evaluation

• Information and Communication

• Risk Monitoring

There are nine (9) internal control objectives.

• True

• False

Answer explanation