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Question 182 - CISA discussion

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During the implementation of a new system, an IS auditor must assess whether certain automated calculations comply with the regulatory requirements Which of the following is the BEST way to obtain this assurance?

A.
Review sign-off documentation
Answers
A.
Review sign-off documentation
B.
Review the source code related to the calculation
Answers
B.
Review the source code related to the calculation
C.
Re-perform the calculation with audit software
Answers
C.
Re-perform the calculation with audit software
D.
Inspect user acceptance lest (UAT) results
Answers
D.
Inspect user acceptance lest (UAT) results
Suggested answer: C

Explanation:

The best way to obtain assurance that certain automated calculations comply with the regulatory requirements is to re-perform the calculation with audit software. This will allow the auditor to independently verify the accuracy and validity of the calculation and compare it with the expected results. Reviewing sign-off documentation, source code, or user acceptance test results may not provide sufficient evidence or assurance that the calculation is correct and compliant.Reference:

CISA Review Manual (Digital Version), page 325

CISA Questions, Answers & Explanations Database, question ID 3335

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asked 18/09/2024
Houshang Ardekani
39 questions
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