Free IIA-CRMA Exam Braindumps (page: 35)

Page 35 of 71

Non-statistical sampling does not require which of the following?

  1. The sample to be representative of the population.
  2. The sample to be selected haphazardly.
  3. A smaller sample size than if selected using statistical sampling.
  4. Projecting the results to the population.

Answer(s): C



Click the Exhibit.


Internal auditors are asked to keep track of how many hours per day they spend planning the audit, conducting the engagement, and writing the audit report. The data for two days has been collected as follows:

Day 1
Day 2
Planning the audit 2 hours
3hours
Conducting the engagement 1 hour
1 hour
Writing the audit report 2 hours
4hours

Which of the following graphs depicts the data accurately?

  1. Graph A only
  2. Graph B only
  3. Both A and B.
  4. Neither A nor B.

Answer(s): C



An auditor identifies three errors in the sample of 25 entries selected for review (a 12 percent error rate). Based on this result, the auditor assumes that approximately 59 of the total population of 492 entries are incorrect. To reach this assumption, the auditor has used a technique known as which of the following?

  1. Variability tolerance.
  2. Ratio estimation.
  3. Stratification.
  4. Acceptance sampling.

Answer(s): B



An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?

  1. Condition section.
  2. Criteria section.
  3. Effect section.
  4. Cause section.

Answer(s): C



Page 35 of 71



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Anonymous
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