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Certified Internal Auditor Exam Questions 481–485 (page: 98)

Updated On: 9-Feb-2026

Which of the following audit procedures is most suitable for verifying that all sales transactions have been recorded?

  1. Observation
  2. Tracing
  3. Recomputation
  4. Vouching

Answer(s): B



Which of the following statements regarding the review of workpapers is correct?

  1. Engagement workpapers should be approved by the client after completion.
  2. Workpapers that pertain to legal issues should be reviewed to ensure that all audit opinions and details are recorded.
  3. Workpaper review notes should be retained for all engagements.
  4. Workpapers should be initialed and dated by the reviewer as evidence of supervisory review.

Answer(s): D



Which of the following is a red flag associated with fictitious revenues?

  1. Slow growth or unusually low profitability
  2. Unusual decrease in the number of days' sales in receivables
  3. Substantial increase in receivables turnover
  4. Significant transactions with related parties

Answer(s): D



Which of the following methods of data collection would be most appropriate to use in identifying hypotheses that can be tested on a larger scale?

  1. Case study
  2. Sampling
  3. Evaluation synthesis
  4. Modeling

Answer(s): A



Which of the following performance criteria would be most useful when measuring the performance of a customer service desk?

  1. The number of customer inquiries recorded per day
  2. The percentage of customer issues resolved within 24 hours
  3. The number of customer complaints recorded per day
  4. The percentage of total customers served per day

Answer(s): B



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