IIA-CIA-Part2

IIA-CIA-Part2 practice questions, page 17 of 39, with answer review and explanations.

Question 81

Which of the following audit techniques provides for continuous monitoring and analysis of computer transactions for detailed auditing?

  1. Integrated test facility.
  2. Parallel simulation.
  3. Test data.
  4. Embedded audit routines.

Question 82

Access control software on an organization's mainframe computer records detailed information concerning both successful and unsuccessful log-on attempts to applications. Which of the following audit tools would be best suited to review the access information that has been recorded?

  1. Generalized audit software.
  2. Flowcharting.
  3. Integrated test facility.
  4. Test data.

Question 83

Which of the following would provide the greatest assurance of the accuracy of a computer program's computation of freight charges for catalog sales?

  1. Use discovery sampling, selecting transactions from invoices which should have freight charges added to them.
  2. Use either test data or parallel simulation to test the computer application.
  3. Use difference estimation, selecting transactions from invoices which should have freight charges added to them.
  4. Use generalized audit software to select a monetary-unit sample of invoices that have been billed to customers.

Question 84

If an auditor used nonstatistical sampling instead of statistical sampling to estimate the value of inventory, which of the following would be true?

  1. The confidence level could not be quantified.
  2. The precision would be larger.
  3. The projected value of inventory would be less reliable.
  4. The risk of incorrect acceptance would be higher.

Question 85

In a sampling application, the group of items about which the auditor wants to estimate some characteristic is called the:

  1. Population.
  2. Attribute of interest.
  3. Sample.
  4. Sampling unit.