IIA IIA-CIA-Part2 Practice Test - Questions Answers, Page 41

A bakery chain has a statistical model that can be used to predict daily sales at individual stores based on a direct relationship to the cost of ingredients used and an inverse relationship to rainy days. What conditions would an auditor look for as an indicator of employee theft of food from a specific store?

Which of the following approaches to understanding business processes is conducted from a broad organizational perspective and has the greatest risk of overlooking processes that are ultimately critical?

An internal auditor has discovered that duplicate payments were made to one vendor. Management has recouped the duplicate payments as a corrective action. Which of the following describes management's action in this case?

According to the International Professional Practices Framework, which of the following is an appropriate reason for issuing an interim report?

To keep management informed of audit progress when audit engagements extend over a long period of time.

To provide an alternative to a final report for limited-scope audit engagements.

To communicate a change in engagement scope for the activity under review.

An internal auditor is using computer-assisted audit techniques to examine employee expenses across several divisions of the organization. Which of the following is true in this situation?

Which of the following is the next step in understanding a business process once an internal auditor has identified the process?

Which of the following offers the best explanation of why the auditor in charge would assign a junior auditor to complete a complex part of the audit engagement?

Which of the following sources of audit evidence is most reliable?

Which of the following would most likely form part of the engagement scope?