Online Access Free CPEA Practice Test

In environmental audit may reveal:

• A.Buried fuel storage tanks
• B.Waste disposal sites
• C.Contaminated soil
• D.All of the above

The audit program is structured; roles and responsibilities should be defined for each of the participant categories. These categories include all of the following Except:

• A.The legal department
• B.Senior or executive management
• C.The audit program manager and staff
• D.Functional management

Which one of the following is FALSE about Internal Control Evaluation Checklists (ICEC)?

• A.The rules of constructing ICEC is different than construction of Internal Control Questionnaire
• B.ICEC is developed to overcome the shortcomings of Internal Control Questionnaire
• C.It is normally employed where system's information has already been recorded
• D.It is designed to determine, whether desirable internal controls are present

A business incurring costs for rent accrued at a balance sheet date on space the business occupies should most properly list the rent cost on the business's balance sheet as which one of the following?

• A.current assets
• B.prepaid expenses
• C.current liabilities
• D.deferred income

In a audit program, an important first step is planning a program. Among the decisions to be made are: what is the objective to be achieved, who will be involved, how often will audits be conducted, what laws and regulations will be covered, and should information be kept:

• A.Public
• B.Documented
• C.None of these
• D.Confidential