IIA IIA-CRMA Dumps PDF Free Download - Page: 8

QUESTION: 36

During an internal audit, an organization's processing department is found to have incidences of both duplicate invoices and notices from customers that purchased goods were not received. The department under review insists that some of these reports are false and that others were isolated oversights due to understaffing.
Which of the following tests would best help the internal auditor detect fraudulent activity?

Check inventory levels.
Search for gaps in check numbers.
Compare vendor summaries.
Review raw material purchase quantities.

Answer(s): A

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QUESTION: 37

Which of the following statements is true regarding the use of non-statistical sampling in auditing control tests?

It considers tolerable deviation rate more effectively than does statistical sampling.
Sampling risk will be accurately quantified through non-statistical sampling.
Non-statistical sample results must be projected to the population.
Lesser evidence is required to support a conclusion than for statistical sampling.

Answer(s): C

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QUESTION: 38

During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole.
This is an example of which of the following analytical auditing procedures?

Reasonableness test.
Regression analysis.
Benchmarking.
Trend analysis.

Answer(s): C

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QUESTION: 39

When internal auditors are preparing workpapers for the testing stage of an engagement, which of the following guidelines should be observed?

1. Include copies of all client files that were reviewed for the audit.
2. Avoid the use of professional, industry-appropriate jargon and technical terms.
3. Indicate the original sources of all data and information used in the workpapers.
4. Leave blank space for cross-references to be completed during the post-audit process.

1and2only
1and4only
2and3only
3and4only

Answer(s): C

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QUESTION: 40

During an account receivables audit, an internal auditor found a significant number of input errors resulting in a $500, 000 balance understatement.
Which of the following is the most important question the internal auditor should ask to develop an appropriate recommendation for this finding?

Who?
How?
Why?
When?

Answer(s): C

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IIA Certification in Risk Management Assurance (CRMA) Exam IIA-CRMA Exam Questions in PDF

Free IIA IIA-CRMA Dumps Questions (page: 8)

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QUESTION: 40