Teste seu conhecimento sobre Controle Interno

quinta-feira, 11 de março de 2010

Como está o seu conhecimento sobre Controle Interno?

Com o objetivo de testar o conhecimento sobre Controle Interno o website do Journal of Accountancy disponibilizou recentemente um questionário com 10 perguntas sobre Controle Interno, conforme abaixo:

1. Houston Helpers, a faith-based group that offers help to people in need, has hired Janet Wells, a local CPA, to train its professional staff in the basics of internal control. As Wells begins her presentation, a participant interrupts by saying, “We are not like other organizations. How can we talk about common elements of internal control when we are a faith-based service provider?”

a. The participant is correct; there are no generally accepted frameworks for internal control.
b. The participant is incorrect; there are generally accepted frameworks for internal control, regardless of industry.

2. Internal control is a process designed to provide reasonable assurance regarding the achievement of which objective?

a. Effectiveness and efficiency of operations
b. Reliability of financial reporting
c. Compliance with applicable laws and regulations
d. All of the above

3. CS Inc. has asked you to join its board of directors. Before agreeing to do so, you realize that it is important that you understand the company’s approach to Enterprise Risk Management (ERM). Which of the following is NOT true about ERM?

a. ERM is a bottom-up view of the key risks facing the organization.
b. ERM links growth, risk and return.
c. ERM aligns risk appetite and strategy.
d. ERM identifies and manages cross-enterprise risk.

4. The directors of Evans Corp. are reevaluating their “tone at the top.” They realize the phrase “tone at the top” is used to describe the example set by directors, officers and executives through their statements and daily actions. The board members also realize written policies need to reinforce the tone, but are unsure how to integrate written policies into the “tone at the top.” If you were advising the board, what would you tell them is the cornerstone of these policies?

a. A comprehensive code of conduct
b. A conflict-of-interest policy
c. Organization communications
d. Protection of the organization’s assets

5. Your employer has asked you to develop controls to help prevent duplicate payments. Which of the following steps would NOT be appropriate in developing such a policy?

a. Create a form for updates to the master vendor file, which should be completed by the person requesting the change and signed off by someone at a higher level.
b. Purge inactive vendors.
c. Periodically run reports showing the daily changes to the master vendor file.
d. Prohibit the sharing of passwords for the master vendor file.

6. As part of a training exercise for a corporate controller’s staff, Jeri Lee breaks the group into teams and asks each team to gain (and document) their understanding of a potential acquisition’s system of internal control. When she returns to check on their progress, she discovers that one team is working on integrating the use of narratives, flowcharts and internal control questionnaires. What should Lee tell this team about using all three approaches simultaneously?

a. The team is correct in using all three approaches simultaneously.
b. The team only needs to use one approach.
c. Combining the use of narratives and flowcharts together is inefficient.
d. Combining the use of flowcharts and internal control questions together is ineffective.
e. b and c


COSO FRAMEWORK

The COSO framework consists of five elements of control: the control environment, risk assessment, control activities, information and communication, and monitoring. The remaining questions refer to these elements.

7. The owner of Austin Marina has approached the managing partner of a CPA firm about conducting a first-time independent audit. While discussing the nature and scope of the audit, the owner of Austin Marina asks if it is really necessary for the auditor to gain an understanding of Austin Marina’s system of internal control. Which of the following responses would NOT be correct?

a. The auditor needs to gain an understanding of the client’s internal control in order to assess risk.
b. An understanding of internal control is necessary to support the audit opinion.
c. Audit standards do not require the auditor to gain an understanding of the client’s system of internal control since risk can be assessed by other means.
d. Independent auditors can no longer assess control risk at a maximum without having support for that assessment.

8. Risks relevant to financial reporting include which of the following?

a. External events
b. Internal events
c. Circumstances that might affect reliable financial reporting
d. All of the above

9. Control activities can be defined as:

a. A means to an end
b. Authorized procedures
c. The particular category in which a control is placed
d. The actions of people to help ensure that management directives necessary to address risks are carried out

10. Evans & Co. has been struggling to implement the monitoring component of the COSO Internal Control—Integrated Framework. Which of the following is NOT correct in how the company can implement the monitoring component?

a. Monitoring can be an ongoing process.
b. Monitoring can be conducted as a separate evaluation.
c. An adequate internal audit staff can reduce external audit costs.
d. The independent auditor can serve as part of the control environment.

As respostas estão disponíveis no seguinte link:

Internal Control: Test Your Knowledge

Mais informações sobre Controle Interno envie um e-mail para grcnews.org@gmail.com

Postado por Felipe Sanches