QUESTION: 53 Topic 1, Volume A

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Which of the following is not a benefit of using information technology in solving audit problems?

It helps reduce audit risk.
It improves the timeliness of the audit engagement.
It increases audit opportunities.
It improves the auditor's judgment.

Answer(s): D

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QUESTION: 54 Topic 1, Volume A

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An organization has developed a large database that tracks employees, employee benefits, payroll deductions, job classifications, and other similar information. In order to test whether data currently within the automated system are correct, an auditor should:

Use test data and determine whether all the data entered are captured correctly in the updated database.
Select a sample of data to be entered for a few days and trace the data to the updated database to determine the correctness of the updates.
Use generalized audit software to provide a printout of all employees with invalid job descriptions. Investigate the causes of the problems.
Use generalized audit software to select a sample of employees from the database. Verify the data fields.

Answer(s): D

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QUESTION: 55 Topic 1, Volume A

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In order to ensure that the internal auditors have the objectivity required by the Standards, the chief audit executive should:

Demonstrate willingness to include in engagement final communications all matters believed to be important.
Require all auditors to sign statements attesting to their independent mental attitudes and honest belief in their work product.
Carefully assign personnel to individual audit engagements and require auditors to disclose all conflicts of interest.
Appraise each auditor's performance on each audit assignment.

Answer(s): C

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QUESTION: 56 Topic 1, Volume A

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Which of the following audit activities is within the scope of assurance activities as stated in the International Professional Practices Framework?

Review a make-or-buy decision and report a recommendation to management for approval.
Participate in negotiations for a corporate acquisition.
Assess financing alternatives for a new generator.
Perform an evaluation of management's planning process.

Answer(s): D

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Free IIA-CIA-Part1 Exam Braindumps (page: 14)

QUESTION: 53 Topic 1, Volume A

QUESTION: 54 Topic 1, Volume A

QUESTION: 55 Topic 1, Volume A

QUESTION: 56 Topic 1, Volume A