Financial CITP Exam (page: 8)
Financial Certified Information Technology Professional (CITP)
Updated on: 31-Mar-2026

Viewing Page 8 of 41

fi rst step in conducting fi eldwork and implementing audit methodology is

  1. Design audit procedures
  2. Defi ne audit objectives
  3. Evaluate results
  4. Build a detailed understanding of area being audited

Answer(s): B



purpose of follow up is to

  1. Determine if the audit recommendations have been implemented
  2. Determine the progress made in implementing the audit recommendations
  3. Assess any potential savings/value added as a result of the recommendations
  4. All of the above

Answer(s): D



advantage of tying the audit universe to organization objectives is that it

  1. Links the entire audit process to business objectives
  2. Improves management's understanding of the audit process
  3. Develops the communication plan for the audit
  4. None of the above

Answer(s): A



Audit risk assessment is an important step in the audit process because

  1. It leverages the abilities of audit staff and by minimizing redundant activity
  2. It provides a framework for communicating the audit results
  3. It provides a framework for allocating audit resources to achieve maximum benefi t
  4. None of the above

Answer(s): C



Auditing is a cyclical process because

  1. Performing audit tests is an iterative process
  2. Audit results are used in subsequent risk assessments
  3. audit universe is aligned to the business cycle
  4. All of the above

Answer(s): B



Viewing Page 8 of 41



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Anonymous


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question # 108, correct answers are business growth and risk reduction.
SAUDI ARABIA


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KENYA


Mort 10/19/2023 7:09:00 PM

question: 162 should be dlp (b)
EUROPEAN UNION


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INDIA


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EUROPEAN UNION


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INDIA


Ethan 8/23/2023 12:52:00 AM

question 46, the answer should be data "virtualization" (not visualization).
Anonymous


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SOUTH AFRICA


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UNITED STATES


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JAPAN


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Anonymous


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IRLAND


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UNITED STATES


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BAHRAIN


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Anonymous