Nest 0 Cart
Nest Account
Popular Exams
All Categories...
Nest
Nest 0
Contact
Log In / Sign Up
Copyright 2024 © store. All rights reserved.
Home IIA IIA-CIA-Part2

IIA IIA-CIA-Part2 Exam Practice Questions (P. 3)

  • Full Access (937 questions)
  • Six months of Premium Access
  • Access to one million comments
  • Seamless ChatGPT Integration
  • Ability to download PDF files
  • Anki Flashcard files for revision
  • No Captcha & No AdSense
  • Advanced Exam Configuration
Get Contributor Access
Question #21
Which of the following is the best problem-solving technique to use when analyzing performance and cost?
  1. A
    Value analysis.
  2. B
    Attribute listing.
  3. C
    Brainstorming.
  4. D
    Component analysis.

Correct Answer:
A

Question #22
In order to effectively elicit sensitive information from an employee during an audit engagement, an auditor should:
  1. A
    Tell the employee a piece of information obtained from a coworker in a previous interview.
  2. B
    Put sensitive questions at the beginning of a questionnaire to ensure that they are answered.
  3. C
    Explain that the auditor's reputation for integrity, which is vital to the auditor's business success, would be seriously damaged if confidentiality were breached.
  4. D
    Point out that management has given the auditor full authority to conduct this interview.

Correct Answer:
C

Question #23
During a routine audit of a customer service hotline, an internal auditor noticed that an unusually high number of customer complaints pertained to payments not being applied to the customers' accounts.
Which of the following would most likely be the reason for the high volume of complaints?
  1. A
    An ineffective customer service department.
  2. B
    Poor controls in the invoice approval processes.
  3. C
    Check tampering by an employee.
  4. D
    Submission of fraudulent expense reports.

Correct Answer:
C

Question #24
Direct staff as a percentage of total staff is an example of which of the following types of efficiency measures?
  1. A
    Productivity ratio.
  2. B
    Productivity index.
  3. C
    Operating ratio.
  4. D
    Resource utilization rate.

Correct Answer:
C

Question #25
Which of the following data collection strategies systematically tests the effects of various factors on an outcome?
  1. A
    Content analysis.
  2. B
    Sampling.
  3. C
    Evaluation synthesis.
  4. D
    Modeling.

Correct Answer:
D

Question #26
Which of the following audit procedures is most suitable for verifying that all sales transactions have been recorded?
  1. A
    Observation.
  2. B
    Tracing.
  3. C
    Re-computation.
  4. D
    Vouching.

Correct Answer:
B

Question #27
Which of the following would be an appropriate and effective control self-assessment approach in an organization with an authoritative culture?

I. Facilitated meeting -

II. Survey -
III. Management-produced analysis
  1. A
    I only
  2. B
    I and III only
  3. C
    II and III only
  4. D
    I, II, and III

Correct Answer:
C

Question #28
What does the following scatter gram suggest?
  1. A
    Sales revenue is related to training costs.
  2. B
    The training program is not effective.
  3. C
    Increases in training costs consistently increase sales revenue.
  4. D
    One data point is incorrectly plotted.

Correct Answer:
A

Question #29
New credit policies have been implemented in an automated order-entry system to improve the collection of receivables. Sales management has compiled several examples that show decreased sales and delayed order entry, and contends that these examples are a direct result of the new credit-policy constraints. Sales management's data and information provide.
  1. A
    Feedback control data.
  2. B
    Irrelevant and argumentative information.
  3. C
    Evidence that the new credit policies do not meet the stated corporate objective to improve collections.
  4. D
    A statistically valid conclusion about the impact of the new credit policies on customer goodwill.

Correct Answer:
A

Question #30
If an organization's chief audit executive wants to implement continuous auditing, what is the appropriate order in which key steps should be undertaken?
I. Identify business applications that require access.
II. Implement steps to continuously assess risks and controls.
III. Define objectives of continuous auditing.
IV. Manage and report results.
  1. A
    III, I, IV, II.
  2. B
    II, I, III, IV.
  3. C
    III, I, II, IV.
  4. D
    II, III, I, IV.

Correct Answer:
C

Previous Questions Next Questions

All Pages