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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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Question 371 - IIA-CIA-Part2 discussion

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An internal auditor completed a test of 30 randomly selected accounts. For five of the accounts selected, the auditor was unable to find supporting documentation in the normal place of storage. Which of the following next steps would be most appropriate for the internal auditor to take?

A.
Conclude that the test failed because at least 17 percent of the sample items were not supported.
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A.
Conclude that the test failed because at least 17 percent of the sample items were not supported.
B.
Select five new accounts to replace the ones that were missing supporting documentation.
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B.
Select five new accounts to replace the ones that were missing supporting documentation.
C.
Expand the sample size to 60 to determine whether the error rate remains the same.
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C.
Expand the sample size to 60 to determine whether the error rate remains the same.
D.
Contact management to determine whether the supporting documentation can be located elsewhere.
Answers
D.
Contact management to determine whether the supporting documentation can be located elsewhere.
Suggested answer: D
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asked 18/09/2024
Jérémy FRAISSENET
33 questions
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