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Free IIA CIA Exam Braindumps (page: 80)

Page 80 of 427
PDF with 1702 Questions

Which sampling plan requires no additional sampling once the first error is found?

  1. Stratified sampling.
  2. Attributes sampling.
  3. Stop or go sampling.
  4. Discovery sampling.

Answer(s): D



Questions used to interrogate individuals suspected of fraud should

  1. Adhere to a predetermined order.
  2. Cover more than one subject or topic.
  3. Move from general to specific.
  4. Direct the individual to a desired answer.

Answer(s): C



An auditor for a major retail company suspects that inventory fraud is occurring at three stores which have high costs of goods sold. Which of the following audit activities would provide the most persuasive evidence that fraud is occurring?

  1. Use an integrated test facility (ITF) to compare individual sales transactions with test transactions submitted through the ITF and investigate all differences.
  2. Interview the three individual store managers to determine if their explanations about the observed differences are the same, and then compare their explanations to that of the section manager.
  3. Schedule a surprise inventory audit to include a physical inventory and investigate areas of inventory shrinkage.
  4. Select a sample of individual store prices and compare them with the sales entered on the cash register for the same items.

Answer(s): C



Insurance companies often receive electronic hospitalization claims directly from hospitals. Which of the following control procedures would be most effective in detecting fraud in such an environment?

  1. Use integrated test facilities to test the accuracy of processing in a manner that is transparent to data processing.
  2. Develop monitoring programs to identify unusual types of claims or an unusual number of claims by demographic class for investigation by the claims department.
  3. Use generalized audit software to match the claimant identification number with a master list of valid policyholders.
  4. Develop batch controls over all items received from a particular hospital and process those claims in batches.

Answer(s): B






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