IIA IIA Certifications IIA-CGAP Questions & Answers

• Question 51:

  Analytical reviews are audit tests that involve a comparison of some type. There are several types of analytical reviews please choose the correct option:

  A. Regression analysis

  B. Ratio analysis and Cost-effectiveness analysis,

  C. Cost/benefit analysis

  D. All of above

  Correct Answer: D

• Question 52:

  Samples can be made more efficient by using either of the following methods please choose the correct option:

  A. Sequential or stop-or-go sampling and Discovery sampling

  B. Stratified sample and Probability samples

  C. Judgment samples and Probability samples

  D. Probability samples and Stratified sample

  Correct Answer: A

• Question 53:

  Generally, sample size needs to be increased under the following circumstances EXCEPT:

  A. As the population increases.

  B. As the expected error rate increases.

  C. When the population increases.

  D. As variability within the population increases.

  Correct Answer: C

• Question 54:

  Properly conducted samples can be used to make inferences or generalizations about the entire population. The following four principles should guide sampling design:

  A. A sampling technique should be used in which the probability for selecting any unit in the population can be calculated.

  B. A sample should be drawn that is of appropriate size relative to the size of the population to which generalization is desired. And always test samples to ensure that they are truly representative of the population to which the evaluators hope to generalize on variables of critical interest.

  C. All of the above.

  D. None of the above.

  Correct Answer: C

• Question 55:

  The________ is the total number of units being studied and ______ is a characteristic of the population. Where as A _________ is a characteristic of the sample.

  A. Parameter, population, statistics

  B. Population, parameter, statistics

  C. Statistics, parameter, population,

  D. Population, statistics, parameter

  Correct Answer: B

• Question 56:

  Statistical sampling allows the auditor to limit sampling risk to an acceptable level. Following are major classifications of sample selection are all of the following EXCEPT:

  A. Judgment samples

  B. Probability samples

  C. Random sample

  D. Both A and B

  Correct Answer: D

• Question 57:

  In _________ Specific items are selected based on the auditor's knowledge about the population. Where as in ________ the probability of selecting each item in the population is known before the sample is chosen. Types of probability samples commonly used by auditors include:

  A. Random sample, Probability samples

  B. Stratified sample, Probability samples

  C. Judgment samples, Probability samples

  D. Probability samples, Stratified sample

  Correct Answer: C

• Question 58:

  Control activities are policies and procedures used by the organization to address identified risks. All of the following are some examples of control activities EXCEPT:

  A. Internal accounting controls (e.g., segregation of duties, monitoring, reconciliation).

  B. Management controls (e.g., the plan, methods, and procedures adopted by management to ensure its goals are met, including systems for measuring, reporting, and monitoring program performance).

  C. Detective controls are designed to identify and correct undesirable events that have occurred.

  D. Information technology controls (e.g., access security controls, data center operation controls).

  Correct Answer: C

• Question 59:

  ________ supports a finding with the greatest degree of certainty. This type of evidence provides direct proof of a fact without requiring additional inference or presumption. ________ provides less certainty than direct evidence. This type of evidence generally requires the use of additional evidence to develop and support conclusions.

  A. Corroborative evidence, Primary or direct evidence

  B. Primary or direct evidence, Secondary evidence

  C. Secondary evidence, Primary or direct evidence

  D. Corroborative evidence, Primary or direct evidence

  Correct Answer: B

• Question 60:

  Auditors should monitor the results from previous audit findings and recommendations to ensure that the customer has taken corrective action or consciously accepted the risk of not implementing corrective measures. The level of appropriate follow-up on prior findings is determined by the following:

  A. The amount of time management has had to correct the problem.

  B. The amount and quality of interim feedback the auditor has received from the customer regarding the status of correcting the finding since the prior audit.

  C. The amount of risk and exposure involved if corrective actions fail to correct the problem.

  D. All of above.

  Correct Answer: D