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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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An internal auditor wanted to determine whether company vehicles were being used for personal purposes She extracted a report that listed company vehicle numbers business units to which the vehicles are allocated travel dates, travel duration and mileage She then filtered the data for weekend dates Which of the following additional information would the auditor need?
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An examination of the accounts payable function evidenced multiple findings with respect to segregation of duties. After management's response and action plan are received and documented in the final report, which of the following is most appropriate?
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An internal auditor wants to identity potential ghost employees in the organization's payroll system The auditor extracts the following data - Human resources data with employees' names addresses employment conditions and identification codes - Payroll data - Logs from entrance systems With this data, which of the following types of ghost employees will the auditor be able to identify?

Question 457 - IIA-CIA-Part2 discussion

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Which of the following is an advantage of nonstatistical sampling over statistical sampling?

A.
Nonstatistical sampling provides more objective recommendations for management.
Answers
A.
Nonstatistical sampling provides more objective recommendations for management.
B.
Nonstatistical sampling provides an opportunity to select the minimum sample size required to satisfy the objectives of the audit tests.
Answers
B.
Nonstatistical sampling provides an opportunity to select the minimum sample size required to satisfy the objectives of the audit tests.
C.
Nonstatistical sampling provides for the use of subjective judgment in determining the sample size.
Answers
C.
Nonstatistical sampling provides for the use of subjective judgment in determining the sample size.
D.
Nonstatistical sampling permits the auditor to specify a level of reliability and the desired degree of precision.
Answers
D.
Nonstatistical sampling permits the auditor to specify a level of reliability and the desired degree of precision.
Suggested answer: C
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asked 18/09/2024
Kehinde Ifarinde
45 questions
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