CIA Exam dumps PDF | Exam-Dumps (Page: 32)

QUESTION: 156

Which of the following is a control weakness that allows for the greatest probability of fraud?

The log-on accounts for the computerized information management system are not immediately canceled for terminated employees.
Scheduled physical counts to verify the perpetual inventory system are frequently delayed because of staff shortages and conflicting priorities.
An employee is responsible for entering identifying information into the inventory database whenever supplies are delivered. A manager periodically compares inventory records with supplies on hand.
The employee who handles all cash sales has responsibility for balancing the cash register and making bank deposits.

Answer(s): D

In a manufacturing organization, all sales prices are determined centrally and are electronically sent to the distribution centers to update their sales price tables. Any pricing deviations must be approved by central headquarters. To determine how this process is functioning, an internal auditor should

Document the flow of sales price information, and determine how the table is accessed and updated.
Develop a flowchart of the sales order process to determine how orders are taken and priced.
Identify who approves the shipment of goods and how the goods are priced.
Obtain a copy of the existing flowchart for the computer program to determine how price data are accessed.

Answer(s): A

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QUESTION: 158

To determine if a new computer system is improving the use of a manufacturer's limited facilities in serving the largest number of customers, an auditor should compare

The number of reworked orders and their costs before and after system installation.
Inventory and materials handling costs before and after system installation.
The number of orders filled and their cycle times before and after system installation.
The number of reworked orders and orders filled before and after system installation.

Answer(s): C

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QUESTION: 159

A retail store uses a computerized perpetual inventory system with annual physical counts. The best approach for determining whether item counts in the perpetual inventory records are accurate at interim dates is to use generalized audit software to

Generate stratified random samples of items for manual counting and compare counts to perpetual inventory records.
Compare beginning and ending perpetual inventory counts after adjustment for sales and replenishments.
Compute revised item count values by adjusting existing counts for spoilage and shrinkage.
Simulate inventory transactions between physical inventory counts taken annually.

Answer(s): A

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QUESTION: 160

Which of the following best describes the most important criteria when assigning responsibility for specific tasks required in an audit engagement?

Auditors must be given assignments based primarily upon their years of experience.
All auditors assigned an audit task must have the knowledge and skills necessary to complete the task satisfactorily.
Tasks must be assigned to the audit team member who is most qualified to perform them.
All audit team members must have the skills necessary to satisfactorily complete any task that will be required in the audit engagement.

Answer(s): B

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IIA CIA Exam (page: 32)
IIA Certified Internal Auditor Exam
Updated on: 16-Feb-2026

QUESTION: 156

QUESTION: 157

QUESTION: 158

QUESTION: 159

QUESTION: 160

IIA CIA Exam (page: 32) IIA Certified Internal Auditor Exam Updated on: 16-Feb-2026

QUESTION: 156

QUESTION: 157

QUESTION: 158

QUESTION: 159

QUESTION: 160

IIA CIA Exam (page: 32)
IIA Certified Internal Auditor Exam
Updated on: 16-Feb-2026