Free Access IIA.IIA-CIA-Part2.v2022-07-26.q511 Practice Test (Page 16)

Question 71

Which of the following would be the best audit procedure to use to determine if a division's unusually high sales and gross margin for November and December were the result of fraudulently recorded sales?

A.Trace a sample of shipping documents to related sales invoices to verify proper billing.

B.Use regression analysis techniques to estimate the sales and cost of goods sold for November and December.

C.Compare sales and gross margin totals with those of the previous ten months and the first month of the following year.

D.Confirm accounts receivable balances with customers.

Question 72

During an assurance engagement, an internal auditor noted that the time staff spent accessing customer information in large Excel spreadsheets could be reduced significantly through the use of macros. The auditor would like to train staff on how to use the macros. Which of the following is the most appropriate course of action for the internal auditor to take?

A.The auditor must not perform the training, because any task to improve the business process could impact audit independence.

B.The auditor must create a new, separate consulting engagement with the business process owner prior to performing the improvement task.

C.The auditor should get permission to extend the current engagement, and with the process owner's approval, perform the improvement task.

D.The auditor may proceed with the improvement task without obtaining formal approval, because the task is voluntary and not time-intensive.

Question 73

An internal auditor is conducting a review of the procurement function and uncovers a potential conflict of interest between the chief operating officer and a significant supplier of IT software development services.
Which of the following actions is most appropriate for the internal auditor to take?

A.Inform the audit supervisor.

B.Investigate the potential conflict of interest.

C.Inform the external auditors of the potential conflict of interest.

D.Disregard the potential conflict, because it is outside the scope of the audit assignment.

Question 74

Which of the following is the best problem-solving technique to use when analyzing performance and cost?

A.Value analysis.

B.Brainstorming.

C.Attribute listing.

D.Component analysis.

Question 75

Which of the following statements is true?

A.Consulting engagements provide the internal audit activity with flexibility to add value and do not need to be included in the long-range audit plan.

B.The internal audit activity's plan of engagments must be based on a formal quantitative risk assessment.

C.The chief audit executive should consider changes to the long-range audit plan based on the requests of business unit managers.

D.A risk assessment on which to base the internal audit activity's long-range plan must be undertaken at least once every three years.

Other Version: 1527IIA.IIA-CIA-Part2.v2026-06-24.q355; 4187IIA.IIA-CIA-Part2.v2024-12-09.q342; 10760IIA.IIA-CIA-Part2.v2023-05-26.q379; 10525IIA.IIA-CIA-Part2.v2023-04-08.q383; 4316IIA.IIA-CIA-Part2.v2023-03-09.q121; 16745IIA.IIA-CIA-Part2.v2022-09-28.q589; 11015IIA.IIA-CIA-Part2.v2022-01-22.q283; 108IIA.Prepawaypdf.IIA-CIA-Part2.v2021-10-22.by.nat.555q.pdf

Latest Upload: 134Salesforce.Strategy-Designer.v2026-10-26.q75; 214Veeam.VMCE_v12.v2026-10-24.q119; 210API.API-510.v2026-10-24.q84; 164AIChE.CCPSC.v2026-10-24.q41; 225CIPS.L4M5.v2026-10-24.q263; 157InsuranceLicensing.InsNV_Health02.v2026-10-23.q44; 285Juniper.JN0-452.v2026-10-23.q141; 321EC-COUNCIL.312-38.v2026-10-22.q321; 161WGU.Health-Fitness-and-Wellness.v2026-10-21.q14; 224ISACA.COBIT-Design-and-Implementation.v2026-10-21.q57

Question 71

Question 72

Question 73

Question 74

Question 75

Download PDF File