Making the move from external to internal audit

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. Which of these is not a type of audit mentioned in this article

  2. Which of these skills can a financial statutory auditor apply to the role of internal auditor?

  3. What does PESTLE stand for?

  4. What skills do auditors need to carry out systems based auditing?

  5. What does outcomes based auditing focus on?

  6. What does risk based auditing focus on?

  7. What does systems based auditing involve?

  8. What does a plan for assessing controls in a systems based audit need to consider?

  9. Is mere financial expertise sufficient to perform an internal audit to a technically competent level?

  10. Which of the following members are required by ACCA to hold professional indemnity insurance and a practising certificate?