2019 Internal Audit Update Jeopardy Template

Bids, Contracts and Jobs	Service	Fixed Assets	Information Technology	HR & Payroll/Expense Reports
100 What is the need for two signatures? The review of Large/Complex estimates (usually over 250-300K) but under $1 million	100 What is sufficient documentation when no one is available to sign and acknowledge service Customer not available	100 What is the correct depreciation method per policy? SLFM	100 What is 3 days? The number of days after termination that access to the systems should be deactivated	100 What is the list of names of attendees and business purpose? Required documentation for Meals
200 What is math checker The specifically labeled third signature on bids over $1 million.	200 What is 14 days? Acceptable average number of days between work performed and invoicing non PM work orders	200 What is leases with an expected total term of greater than 1 year AND total expected payments greater than $5000? Leases that have to be included in Visual Lease	200 When is the review of the full list of users and their access rights required? Q1 & Q3	200 What is the threshold over which receipts are required for expense reimbursements? $25
300 What is $600,000? The financial threshold for a Contract Review Checklist (CRC)	300 What is PM service calls are completed timely and in accordance with the service agreement. Review of open PM obligations	300 What is annual review of assets in FAS? Purging of non-existent assets	300 What are the password complexity rules? 12 characters; At least one capital letter At least one number OR special character Not the last 20 or your first or last name	300 What is our whistle blower hotline called? EthicsPoint
400 What drives revenue? Cost	400 What is either an updated pricing sheet or contract for reflecting price escalation? Evergreen PM contract pricing	400 What is the approval of the entry or a separate approval of the disposal? Appropriate approval for asset disposal	400 What is required if your application is being hosted by a third party vendor? SOC 1 report	400 What is mileage to and from your main or regular place of work and not reimbursable. Commuting Expenses
500 What is variable revenue? Performance bonus, shared savings, un-priced change orders, liquidated damages, back charges and owner purchase	500 What is the method to recognize revenue for annual service contracts? What is 1/12	500 What is the threshold for RVP approval for capital expenditures? $10,000 or over	500 What is a system that is totally off-line and secure? Air-gapped	500 What are related party transactions that have to be disclosed and pre-approved by the RVP or GC? Involves any President/Controller/VP and his or her family; Personally benefits any other employee or family by more than $1,000; Involves more than $10,000; Involves real estate

2019 Internal Audit Update

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