Audit Knowledge Quiz

What is the main purpose of a traditional audit?

• To secure company data

• To check software updates

• To ensure accuracy of financial statements

• To evaluate project goals

What is the primary focus of an IT audit?

• Marketing strategy

• Employee satisfaction

• Information technology infrastructure, policies, and operations

• Sales performance

Which of the following is NOT listed as an example of IT Audit?

• Project Management

• Customer Satisfaction

• Data Security

• Software Development

Why do companies audit their software?

• To increase production speed

• To ensure software quality, functionality, and license usage

• To advertise new features

• To replace the development team

Which of the following is a goal of auditing data security?

• Hiring more security personnel

• Ensuring alignment with branding guidelines

• Identifying system vulnerabilities and ensuring compliance

• Promoting password changes

Which type of audit is performed by independent accountants to enhance credibility and detect fraud?

• Internal Audit

• External Audit

• Construction Audit

• Performance Audit

What distinguishes an internal audit from an external audit?

• Internal audits are done by law enforcement

• Internal audits focus on external stakeholders

• Internal audits are conducted within the company

• Internal audits only apply to government agencies

What is assessed during a performance audit?

• Network latency and internet speed

• Compliance with construction safety codes

• Efficiency, effectiveness, and economy of operations

• Staff vacation policies

Which type of internal audit checks adherence to laws, policies, and regulations?

• Environmental Audit

• Operational Audit

• Compliance Audit

• Technology Audit

When is an operational audit most likely conducted?

• During holidays

• When a staff member leaves or management changes

• Every Monday

• After product launches