Showing posts with label API Exam Questions and Answers. Show all posts
Showing posts with label API Exam Questions and Answers. Show all posts

Monday, April 3, 2017

Audit Programs

This section relates to the applicant’s knowledge of the development and management of audit programs in all types of audited-auditor relationships, including:

1. Identification of audit program objectives 
2. Development and implementation of an audit program 
3. Evaluation of the effectiveness of the audit program 
4. Use of the audit program as management tool to improve business performance

Monday, March 20, 2017

Q:- Ethics and Standards of Conduct for Auditors:

This section relates to the ethical expectations from an API-certified auditor including:  

1. Conflict of interest 
2. Independence and objectivity 
3. Confidentiality and integrity 

Tuesday, March 14, 2017

Q:- Auditing fundamentals

This section relates to the applicant’s knowledge of :

1. Terms and definitions used in auditing 
2. The different types of audits based on what is being audited, who is being audited and why is the audit being performed; 
3. Purposes of audits; and

Thursday, March 31, 2016

Q:- Does API 650 include the applicable requirements for tanks that are either stated in pertinent Code of Federal Regulations?

Answer:

API 650 makes no attempt to address federal requirements, nor those of any other jurisdiction. Compliance with the various jurisdictions is a contractual matter between the tank manufacturer and the purchaser.