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Free IIA CIA Exam Braindumps (page: 83)

Page 83 of 427
PDF with 1702 Questions

An auditor is using an internal control questionnaire as part of a preliminary survey. Which of the following is the best reason for the auditor to interview management regarding the questionnaire responses?

  1. Interviews provide the opportunity to insert questions to probe promising areas.
  2. Interviews are the most efficient way to upgrade the information to the level of objective evidence.
  3. Interviewing is the least costly audit technique when a large amount of information is involved.
  4. Interviewing is the only audit procedure which does not require confirmation of the information that is obtained.

Answer(s): A



Many questionnaires are made up of a series of different questions that use the same response categories (for example strongly agree, agree, neither, disagree, strongly disagree). Some designs will have different groups of respondents answer alternate versions of the questionnaire that present the questions in different orders and reverse the orientation of the endpoints of the scale (for example agree on the right and disagree on the left). The purpose of such questionnaire variations is to

  1. Eliminate intentional misrepresentations.
  2. Reduce the effects of pattern response tendencies.
  3. Test whether respondents are reading the questionnaire.
  4. Make it possible to get information about more than one population parameter using the same questions.

Answer(s): B



A limitation of using ratio analysis in an audit engagement is that it

  1. Often uses financial information provided by management which has not been reviewed for reliability and validity.
  2. Is an expensive method of testing.
  3. Requires computer software in order to develop meaningful interpretations of data.
  4. Is useful only when comparisons can be made across other industries.

Answer(s): A



If cost estimates in an economic order quantity (EOQ) model are varied to determine how much the changes affect the optimal EOQ, such analysis would be called a

  1. Forecasting model.
  2. Sensitivity analysis.
  3. Critical path analysis.
  4. Decision analysis.

Answer(s): B






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