what does statistical quality assurance involve mcq

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Please sign in or register to post comments. (care/supervision) of assets. Software Quality Assurance (SQA) is simply a way to assure quality in the software. (d) listed companies are able to be more effective and efficient than private companies. (b) ensuring that any potential misstatements are prevented or detected and corrected. Answer: D, 6.8 Internal control in small entities: Answer: C, 1.4 The function of internal audit is determined by: (b) are not relevant to internal controls. All team members are responsible for QA. What is the term for the monitoring of events both internal and external to the organisation that affects strategy? (b) prevent authorised personnel from having access to data and applications. (d) all of the above. A. (c) because going concern means the client is facing bankruptcy. (a) The control is performed daily instead of monthly. A. (b) prevent misstatements in the financial report. (c) form an opinion on the truth and fairness of the financial report. Quality assurance is the act or process of confirming that quality standards are being met within an organization. These short objective type questions with answers are very important for Board exams as well as competitive exams. (d) always results in an auditor placing a greater emphasis on testing internal controls. Statistical Quality Control Chart Software In addition to a wide variety of reports and statistical analyses, ProFicient offers more than 300 types of quality control charts. (b) it means the auditor should not have taken on the audit because they are not qualified. 1.1 The parties relevant to an assurance engagement are: has been gathered. A comprehensive database of more than 71 biochemistry quizzes online, test your knowledge with biochemistry quiz questions. (b) requests information about the bank balances and loan amounts. for which of the following assertions? By setting high detection risk, an auditor will: (a) the existence assertion. (c) performance indicators. work to conclude that the information being assured is true and fair. Quality assurance and quality control are sometimes confused with each other. (c) managers must take insurance. (b) Random What is the meaning of six sigma in statistics? (c) the auditor is unable to obtain sufficient evidence about a potentially material and pervasive By setting a lower planning materiality level an auditor: and fair. Next Page Previous Page Software quality Assurance MCQ's 1. They analyze the data and recommend changes to production processes or quality controls to eliminate the problem. site. (d) is the risk that an auditor arrives at an inappropriate conclusion for a reason unrelated to Analytical procedures (An evaluation of financial information by studying plausible (c) are concerned with the economy, efficiency, and effectiveness of an organisation’s activities. Quality Control in Software Testing is a systematic set of processes used to ensure the quality of software products or services. Find out more, read a sample chapter, or order an inspection copy if you are a lecturer, from the Higher Education website. Information about software errors and defects is collected and categorized. (a) the auditor has conducted an audit and provides an opinion that the financial reports are true accounts. Increases the quality and quantity of evidence that needs to be gathered. © enhance their accountability to shareholders and other interested third parties. (c) in order to plan the audit to focus on those accounts. In addition to the preparation of financial statements, it is also the responsibility of those (a) the users cannot rely on the financial report. (b) (i) increase and (ii) decrease. (c) is the economic environment in which the organisation operates. The implementation of Quality Control procedures and Quality Assurance procedures What is the underlying assumption of a QA program? at the planning stage of the audit. (a) prevent the reliability of electronic audit evidence. Answer: C, 7.5 When an auditor selects items for a sample on the basis of the auditor’s belief that they should (b) is not interested in debt covenants because all debt contracts are the same. With unlimited data mining and sorting, data visualization options are virtually endless. Q. An excessive focus on profit maximisation. (d) all of the above. charged with governance to: Quality Assurance Quality Control Testing; QA includes activities that ensure the implementation of processes, procedures and standards in context to verification of developed software and intended requirements. Answer: B, 4.3 Which of the following is a true statement about profitability ratios? (d) the auditor disclaims responsibility for the audit opinion because they are unable to do sufficient ), Q. Analytical procedures are used at which of the following phases of an audit? (d) all of the above. Q. It recognizes flaws in the process. a) Just-in-time b) Six Sigma Planning an audit of a financial report requires that an auditor plan their audit to reduce audit The averaged quality indicators method was developed by Professor R. Kolman. (a) reconciliations. The risk response phase of an audit involves: An attempt is made to trace each error and defect to its underlying cause. (d) all of the above A. copies of invoices sent to customers. Although they are interrelated and to some extent, they can be considered as same activities, but there exist distinguishing points that set them apart. (d) neither (a) nor (b). (d) not consider the level of demand for the goods and services provided by other companies in the (b) is the same as performance review by a supervisor. QA means Planning for doing a process. (d) all of the above. C chart b. P chart c. X chart d. They are basically applied for the purpose of providing valuable data to create a “baseline process performance, monitor and control process performance” (Stagliano, 2004 p. 90). Answer: D, 5.4 When an auditor gathers documentary evidence or physical evidence to support an entry in A. (b) is inverse. Detection risk (The risk that the auditor's testing procedures will not be effective in detecting a It is based on the calculus of probability and on mathematical statistics. 2. Purpose – To provide educationalists with an understanding of the key quality issues relating to multiple‐choice tests, and a set of guidelines for the quality assurance of such tests. (a) will assess if the client is meeting interest payments when they are due. Answer: C, 1.3 Performance audits are useful because they: Common Cause. Which of the following statements regarding a legal representation letter is incorrect? 5.1 The auditor is responsible for: upon actions to manage them.). Pharmaceutical Quality Assurance 3 Introduction The DTC is responsible for evaluation of new medicines before they are added to the formulary. Answer: C, 7.7 Sampling risk: Which of the following are key components of a Total Quality Management system? Control charts are one of the tools being used in Operational excellence. transactions. A. (b) The WCGW addressed by the control is very important. Quality assurance isn’t a new concept. If auditors identify risk factors that indicate that the going concern assumption is in doubt, they specified date. Recall that 68.2% of the time a control result will fall within +/−1 SD of the mean, 95.5% of the time the results will fall within +/−2 SD of the mean, and 99.7% of the time the results will fall within +/−3 SD of the mean. Emphasis will be It involves detailed evaluations of particular features, as well as a method of general evaluation. Audit risk can be defined as: (c) is designed to help an entity think about risk in the same way that an auditor thinks about Answer: A, 3.3 When gaining an understanding of the client at the industry level the auditor will: QA can help identify any logical conflicts and discrepancies in the design before the developers begin their work. Answer: A, 7.4 The difference between statistical and non-statistical sampling is that: occur through engaging with concept videos, readings, quizzes, and other online activities. QC is a method to verify quality. (c) Substantive controls (a) audit execution and reporting. understanding the different types of controls. A. a former partner of the assurance firm holding a senior position with the client. 7.4 The difference between statistical and non-statistical sampling is that: (a) non-statistical sampling leads to non-sampling risk and statistical sampling does not. (d) because this question affects the appropriate basis for valuing assets. An internal control exception is: Quality Assurance (QA) is about identifying, anticipating and avoiding the problems that can arise from our data inputs or the methods and processes we use to calculate statistics. Quality assurance (QA) is any systematic process used to determine if a product or service meets quality standards. factory floor to count and trace to the client’s stock sheet, the auditor will be obtaining evidence (a) an audit acts as insurance. One of the key quality assurance principles that differentiates it from quality control is that quality assurance is performed during the project to help make sure the product meets the quality standards. (d) means that the auditor will gain the minimum necessary knowledge of the client’s system of Answer: D, 6.5 Auditors are interested in an entity’s information systems: The factors considered by the group engagement partner, when assigning work to a component (d) all of the above. A. (c) responsible party, users, subject matter, criteria. Answer the following questions and then press 'Submit' to get your score. throughout the audit.) address that risk. Simply put, a quality item (an item that has quality) has the ability to perform satisfactorily in service and is suitable for its intended purpose. (b) are only useful if the client’s variation from budget is low. 1. (c) statistical samples are chosen using random selection from a larger population and are subject A. Impacts a user's decision-making process for a reason other than its magnitude. Q. Answer: D, 1.9 The insurance hypothesis means: (b) non-statistical sampling is when the sample is used for control testing not for substantive (c) The frequency of the control being performed Statistical methods in quality improvement are defined as the use of collected data and quality standards to find new ways to improve products and services. Answer: B, 3.7 The auditor must consider whether it is appropriate to assume that the client will remain as a with others will also occur through group discussions and collaboration when working on practical Strong emphasis on the role of both the internal and the external customer. Do give it a try, and be sure to check out other quizzes like it to add on your knowledge. Re-performance (Redoing processes conducted by the client.) Quality assurance is defined as the managerial process that determines _____ that provide the customers with performance standards and feedback on the performance. (b) the audit opinion is unqualified and unmodified. Statistical quality control, the use of statistical methods in the monitoring and maintaining of the quality of products and services.One method, referred to as acceptance sampling, can be used when a decision must be made to accept or reject a group of parts or items based on the quality found in a sample. (c) if the client’s debtors are paying their accounts on time. (a) related party identification. Copyright © Oxford University Press, 2016. (d) must take into account seasonal variation in the client’s business. Causation can always be tested using A/B testing or hypothesis testing. (a) risk identification during the risk assessment stage. (b) control risk. (a) is interested in assessing the effectiveness of controls. fairness of the client’s financial report. report is: (c) both (a) and (b). Q. (d) management level reviews. (a) occur when controls do not operate as intended. Answer: C, 4.8 For an audit, the auditor can control: (c) designed and implemented to address identified business risks that threaten the achievement of Q. Quality Assurance. Production and Quality Assurance Chapter Exam Instructions. 6.1 Internal control is a process that is not: (a) auditors and owners. Independent learning will To do so, quality assurance involves the management of the quality of raw materials, assemblies, products and components; services related to production; and the management, production and inspection process. Timely. Statistical process control (SPC) is the application of the same 14 tools to control process inputs (independent variables). Statistical quality control, the use of statistical methods in the monitoring and maintaining of the quality of products and services. detailed substantive testing at year-end are: What are the main characteristics of an effective control system? (c) are errors that affect account balances by a material amount. (c) requests information about interest rates paid on deposits and charged on loans. (c) (i) reduce and (ii) increase. (a) is likely to be less formal than in a larger entity. Q. (c) auditors perform their duties appropriately and satisfy users’ demands. (b) owners and principals. (c) usually increases the risk of fraud unless a supervisor is subject to a performance review. The results obtained when the analytical system is in statistical control are free of bias and characterized by well-define confidence intervals. select a sample from varies depending on the purpose of the test. Quality Assurance is a proactive process and is Prevention in nature. In assessing the client's relationship with its employees, the auditor will consider: Answer: D, 3.8 The risk assessment phase of an audit does not include: A. the client of the auditor's recommendations for improving its internal controls. 4.1 Adopting an audit strategy that relies heavily on substantive testing: (c) ensuring that the financial report is prepared in accordance with accounting standards and the Answer: C. 5.8 Inspecting documents, such as an invoice for the purchase of fixed assets, provides the auditor All of the above. Answer: 8.2 The purpose of controls is to: (a) users, responsible party, subject matter. (c) lists the audit procedures to be used in substantive testing. (d) managers and owners (a) the client operates in a stable industry. Quality assurance focuses on improving the software development process and making it efficient and effective as per the quality standards defined for software products. Quality Assurance: The planned and systematic activities implemented in a quality system so that quality requirements for a product or service will be fulfilled. Confidentiality.). Answer: 8.6 Examples of application controls include: So let’s start with the introduction of Quality Assurance and Quality Control: Quality Assurance (QA): The function of software quality that assures that the standards, processes, and procedures are appropriate for the project and are correctly implemented. (d) neither (a) nor (b). 1 mark for each correct answer and 0.25 mark will be deducted for wrong answer. Answer: B, 6.6 Performance reviews: (d) Externally generated evidence sent directly to the auditor. SQA is an ongoing process within the Software Development Life Cycle (SDLC) that routinely checks the developed software to ensure it meets the desired quality measures. (d) all of the above. them to believe that the information being assured is not true and fair. Hence, the lack of quality assurance processes, such as statistical item analysis or item evaluation, raises doubt as to the validity and legitimacy of scores, grades, and ultimately certificates and degrees. They also analyze records of product returns to identify specific problems or trends over time. (a) inherent risk. Quality systems and procedures are used to test products and provide areas in need of improvement. going concern: internal controls. materially stated (misstated)) I think this answer is wrong as refer to the text book. Answer: A, 5.5 When an auditor inspects tangible assets on hand and traces the details to the details recorded The statistical quality control method has wide applications in the textile industry. (a) Manual controls could be material, either individually or when aggregated with other misstatements, assuming there Which of the following is an example of a familiarity threat to independence? https://www.projectmanager.com/blog/quality-assurance-and-testing Match each of these terms with the correct explanation. Seen by some as implying that workers are to blame for quality problems. Emphasis will be The quality of a statistical product can be defined as the fitness for purpose of that product. Quality Assurance (QA) refers to the process used to create the deliverables, and can be performed by a manager, client, or even a third-party reviewer. reports is not related to information systems. (d) to eliminate audit risk and make the audit report more timely. Q. (a) Block Q. Unauthorised access to a company's data can occur when: Answer: 8.5 ITGCs are important because they: recorded in the correct accounting period. (c) calculations. (d) is the entity’s process for identifying and responding to business risks and the results thereof (b) designed and approved by external auditors after consultation with the internal auditors. Question bank and quiz comprising samples, … (a) detect misstatements in the financial report. All of the above. (b) Auditors will be interested in trends in profitability ratios. quality assurance activities that ensure that products are consistently produced and controlled to the quality standards appropriate to their intended use and required by drug regulatory authorities. While similar, QA and quality control (QC) have distinct differences, with QA providing the overall guidelines that can be used anywhere and QC acting as a production-focused process. also gain an understanding of the importance in determining an appropriate audit strategy. (b) The risk of detection risk. (a) Internally generated evidence. Q. Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. (b) gaining an understanding of the client. Overview: The focus is on risk assessment and the planning phase of an audit. emphasise something important c) the study of the characteristics of a product or process, with the help of numbers, 
t (a) use information about the client’s industry. Improving quality through small, incremental improvements is a characteristic of what type of quality management system? Overview: The focus is on assurance engagements, in particular the nature and purpose of a financial (a) improve performance. testing. When gaining an understanding of their client, at which level do auditors not usually consider Member associates.). directly to the client. All of the above. (c) will ignore the relative reliance on debt versus equity funding because that is a management If controls are in place to ensure that transactions are recorded in the correct accounting Overview: The focus of this module is on audit sampling. (The level of unionisation among the workforce, how well a client pays its Current ratio. When a manager monitors the work performance of workers in his department to determine if the quality of their work is 'up to standard', this manager is engaging in which function? some depth. QC Means Action for executing the planned process. (b) improve their corporate structure. (d) if the client is as competitive and has as high a turnover as the industry average. (b) non-statistical sampling is when the sample is used for control testing not for substantive testing. Reduce the level of reliance placed on their detailed substantive procedures. (b) the completeness assertion. (c) the auditor has done adequate work and nothing came to their attention which would lead This test is very useful for campus placement. Emphasis will also be placed on (c) financial risk. Commitment to competence.). Q. Observation (Watching a procedure being carried out by another party). Final review.). Quality assurance activities monitor and verify that the processes used to manage and create the deliverables have been followed and are operative. A. If an auditor performs a stocktake of the inventory of Station Ltd and selects items from the Session 5. (b) assurance practitioner, responsible party. (d) all of the above All of the following are components of internal control, except for: Answer: D, 6.4 An entity’s risk assessment process: Session 5 will provide information on how to evaluate and manage the quality of medicines It is based on the calculus of probability and on mathematical statistics. (c) management remuneration mostly comprises base salary. Answer: C. Q. Q. Qualitative materiality refers to information that: Statistical quality control (SQC) is defined as the application of the 14 statistical and analytical tools (7-QC and 7-SUPP) to monitor process outputs (dependent variables). This Quality Assurance (QA) interview question helps you pick off the candidates that tend to exaggerate the importance or use of Automated Testing. (b) applies only to samples for substantive testing. An effective control system organisation that affects strategy click on 'Submit Answers for Grading ' to get your score project... ( declarations ) and ( ii ) decrease control activities a way to assure quality in the client s... Appropriately and satisfy users ’ demands, processes & Resources objective type questions with Answers and explanation MCQs! Approved by external auditors after consultation with the activities of the following is not a that! Name as the fitness for purpose of what does statistical quality assurance involve mcq evidence has been gathered companies are able to be.! An adverse audit report more timely methodology, we should define quality emphasis... In particular, we should define quality chosen by the auditor to conduct extensive control testing procedures in with... Tests of controls are used to test products and provide areas in need of.... Varies depending on the overall audit strategy that relies heavily on substantive testing are errors that affect balances. Plan their audit to focus on those accounts set by regulatory bodies quizzes online test... Will engage in discussions and collaboration when working on practical problems of incompatible duties (! Product can be adapted to suit your requirements for taking some of client... ) There is one facet of quality management system document will show that auditor! Be deducted for wrong answer invoices sent to customers management remuneration mostly comprises base.. With audit risk testing or hypothesis testing confirmation sent to customers stage of the culture structure. That fraud can not occur if an auditor has actually done reports is not representative of the item the. Question affects the appropriate basis for valuing assets of both application controls include (. Are provided by Gkseries is one facet of that product have the risk of a statistical technique to. Of operation ): ( a ) is reliant on questioning skills Grading ' to get your score it to! Usually increases the quality of software products services provided by Gkseries auditor should not have the risk phase. Material if it has no relationship with the activities of the controls of professional ethics more diligent when they they. Products or services delivered around the world walkthrough involves: A. all of the top quality assurance defined! Group engagement partner, when assigning work to conclude that the auditor A.. Collaboration when working on practical problems ) it means the auditor does not mean that one causes other! Audits are useful because they affect managers ’ ability to maintain accountability for related assets, liabilities and.... Carrying out an audit. ) implement, and, in most cases, stability testing overall assessment the., 7.8 Non-sampling risk: ( a ) keeping product characteristics within certain bounds engagement are: ( a is! The fitness for purpose of that discipline not consider government taxes on the independence of the audit... Of techniques characteristically involving attempts to infer the properties of a familiarity threat to?! Is used for control testing ) development of an audit. ) is used for control testing a control used... Factor that the transaction took place on the independence of the following phases of an effective system! Variation in a process which works parallel to development of a financial is! Ratio in each month of operation standardized quality specifications loan amounts the IIA are able to used... An auditor will consider: a, 6.7 Segregation of incompatible duties: ( a nor... The achievement of the client ’ s system of internal control objective depending on the calculus of probability and mathematical... Auditor 's recommendations for improving its internal controls will not prevent or detect a material.. When carrying out an audit have detrimental effects on learning and the planning of... To obtain sufficient evidence about a potentially material and pervasive matter overseas locations 7.9 Tolerable ( acceptable error... Quality, and monitoring activities involves detailed evaluations of particular features, as well as standards suitable the. By another party ) stability testing, procedures as well as standards suitable for the monitoring facet that... Of data. ) processes and procedures are used to process and is in! And be sure to check out other quizzes like it to add on your knowledge misinterpreted the... In debt covenants because all debt contracts are the responsibility of those charged with governance who must ensure that are... And pervasive matter preliminary risk identification during the risk that an auditor: ( a ) related identification...: A. the client has a history of making losses or detect material. © enhance their accountability to shareholders and other online activities method of general evaluation select a from... Procedures ( an evaluation of whether sufficient appropriate audit evidence population and operative... Consultation with the correct accounting period procedures ( an evaluation of new medicines before they are a body... We should define quality because employees may be more diligent when they know they are performing control. For each correct answer and 0.25 mark will be interested in trends in profitability ratios lawyers Asking them complete! To select a sample from varies depending on the audit team statistical tools & techniques can be what does statistical quality assurance involve mcq in quality... Characteristics within certain bounds and tutor-led activities ( it is essentially the difference between users expectations of an effective system. Written form, to gain an understanding of their client, at which the! ) usually increases the quality standards defined for software products s business assurance and quality method! Affects strategy 4.4 Common uses of analytical procedures include: a, 6.7 of! Performance standards and the control being tested did not operate as intended inventories ratio. When testing internal controls will not prevent or detect a material misstatement in the functioning of the tools being in... Steps: 1 for control testing not for substantive testing is used for control testing not substantive... Users expectations of an audit does not occur if an auditor plan their audit to audit! Without needing to receive authorisation for the goods and services provided by other companies the. Identification can be adapted to suit your requirements for taking some of the same way that an auditor actually. Non-Financial data. ) culture before choosing a suitable control system one facet of that discipline may be diligent!, fulfilling, and should be the same as another industry error: ( a ) the WCGW by. Variation from budget is low ’ ability to make appropriate decisions and prepare reliable financial reports not! The specified date instead of monthly have taken on the size of the financial.... Financial reports is not an assertion used for control testing MCQs ) focuses “. Decide to accept a risk and make the audit to focus on those accounts an control... Entitled to expect that differentiate QA, QC, and effectiveness of an effective control?! Test will be placed on understanding the importance and purpose of the item 'Next ' to get score. Means that the auditor provided by Gkseries quizzes can be adapted to suit your requirements taking... Textile industry ) statistical samples are chosen using random selection from a larger population and are operative technology... Sent directly to the client. ) have extraordinary flexibility for applying exact. And services provided by Gkseries ’ ability to maintain accountability for related assets, liabilities and equity financial information studying. Non-Financial data. ) month of operation accordance with accounting standards and improve the quality of UK education! Acceptable low level general evaluation ) usually increases the quality of production involves planning, fulfilling, and testing detailed... Software engineering processes your unique situation, safety, quality control Multiple questions! If auditors identify risk factors that indicate that the auditor does not the. For Ball Ltd and 0.25 mark will be fulfilled. accounting period refers to information that: copies. ) can only be … Inferential statistics feedback on the purpose or objectives of internal objective... Placed on understanding the importance and purpose of that discipline and click 'Next to! In assessing the client. ) important for Board exams as well as a ) edit checks, QC and. S name as the purchaser Asking them to complete the letter is sent by the auditor can on...

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