Welcome to Pre-Test Internal Audit and Control Performance standards can be beneficial to: The organization only The organization and department only The organization, department and individual employees No one None Project evaluation means: Study of facts about the condition or performance after the project Study of basic requirements for the project Study of the project outcomes according to project plans None Accountability means: Being able to do accounting Being responsible for the results of the project Provision of Accounting reports None Which of the following is not a component of the statement of cash flow? Cash flow from investing Cash flow from financing Cash flow from operations The future expected cash flows None Which of the following elements is not a part of the most common form of a budget outline? Categories Difference Actual Similarities None How will employees know what to report? Common sense Employee manual From a list circulated by management They will not None Which of the following statements is true? Any kind of forecasting technique is a guarantee for success Some of the forecasting techniques are a guarantee for success No technique is a guarantee, but using a standard tool is helpful None of the above None What is the best mechanism to get any fraud/attempt to fraud, reported to the management? Who is involved in internal control and risk management The board of directors Senior Management Customers Suppliers All employees of an organization/company Hint Salutation and Full Name Email Organization Phone Time's up
