AAFM CTEP Quiz 3 Topic 7 Questions 11-15

Question: 1

Which of the following statements regarding Stamp Duty is/are correct?

q1_CTEP

AOnly (i) and (ii)

BOnly (ii) and (iii)

CAll of the above

DOnly (i) and (iv)

Show Answer

Question: 2

Which of the following are the necessary contents of a will?

q2_CTEP

A(i) & (iii)

B(ii) & (iv)

C(i), (iii), (iv)

D(ii), (iii), (iv)

Show Answer

Question: 3

Which one of the above statement(s) is/are incorrect?

q3_CTEP

A(i) only

B(ii) only

CBoth

DNone of the above

Show Answer

Question: 4

As per Hindu Adoptions and Maintenance Act,1956 a female Hindu can make adoption in which of the following cases

q4_CTEP

AOnly (i)

B(i) and (ii)

C(i) and (iii)

D(i),(ii) and (iii)

Show Answer

Question: 5

According to IIA guidance, which of the following statements is true regarding periodic internal assessments of the internal audit activity?

AInternal assessments are conducted to benchmark the internal audit activity's performance against industry best practices.

BInternal assessments must be performed at least once every five years by a qualified assessor.

CAn internal auditor may perform a peer review of a colleague's workpapers, as long as the auditor wasn't involved in the audit under review.

DFollow-up to ensure appropriate improvements are implemented is a recommended, but not mandatory, element of internal assessments.

Show Answer

AAFM CTEP Quiz:3 Topic:7 Questions:11-15