Free CIA Exam braindumps download (CIA exam dumps Free)

QUESTION: 406

Which of the following is the correct ratio to use in calculating the dollar value of the population if the auditor is using ratio estimation? Number of Items

Audited Value
Carrying Amount
Sample
$500, 000
$480, 000
Population
3, 000
$5, 000, 000

0.1
0.96
1.04
10.00

Answer(s): C

Show Answer Next Question

QUESTION: 407

One method for dealing with the uncertainty of demand forecasts used in linear programming is to extend the model solution to include

Sensitivity analysis.
Goal seeking.
Branch and bound solutions.
Nonlinear programming.

Answer(s): A

Show Answer Next Question

QUESTION: 408

Which of the following factors is least essential to a successful control self assessment workshop?

Voting technology.
Facilitation training.
Prior planning.
Group dynamics.

Answer(s): A

Show Answer Next Question

QUESTION: 409

Which is a key long-term objective of implementing control self-assessment (CSA)?

Transfer assessment work traditionally performed by the CSA team to work unit personnel.
Quickly gather large amounts of data on control deficiencies from work units, using voting technology.
Improve control awareness and the ability of work unit personnel to manage risk.
Reduce costs by identifying opportunities to improve efficiencies.

Answer(s): C

Show Answer Next Question