CHAPTER 3 - INTERNAL CONRTOL SYSTEM (DIA 6A)

CHAPTER 3 - INTERNAL CONRTOL SYSTEM (DIA 6A)

University

30 Qs

quiz-placeholder

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CHAPTER 3 - INTERNAL CONRTOL SYSTEM (DIA 6A)

CHAPTER 3 - INTERNAL CONRTOL SYSTEM (DIA 6A)

Assessment

Quiz

Other

University

Medium

Created by

NURUS SYIFA SHAHARIMAN

Used 2+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of an Internal Control System (ICS)?

  • A. To ensure accurate financial reporting.

  • B. To manage operational efficiency.

  • C. To increase profit margins.

  • D. To reduce the workload of employees.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which component of ICS establishes the organization's tone and consciousness about control?

  • A. Control Activities

  • B. Control Environment

  • C. Monitoring Activities

  • D. Information and Communication

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key aspect of Risk Assessment in ICS?

  • A. Conducting regular audits

  • B. Identifying and evaluating risks

  • C. Monitoring control systems

  • D. Ensuring information flow

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which ICS component includes the actions defined through policies and procedures?

  • A. Control Environment

  • A. Control Environment

  • C. Control Activities

  • D. Monitoring Activities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Information and Communication component in ICS?

  • A. To prevent unauthorized access to information

  • B. To identify, capture, and communicate relevant information

  • C. To evaluate internal controls

  • D. To manage risk

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which ICS component involves continuous evaluation and modification of the control system?

  • A. Risk Assessment

  • B. Control Environment

  • C. Monitoring Activities

  • D. Control Activities

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary method of ensuring that controls are applied as intended?

  • A. Inquiry

  • B. Observation

  • C. Reperformance

  • D. Inspection

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