IIA-CIA-Part2 Practice Test

Which of the following audit steps would be most effective to review proper recording of and
accountability over physical assets?
I. Physically inspect all assets on the organization's property.
II. Select a sample department and physically inspect assets in the department.
III. Select a sample from the organization's records of physical assets and physically locate each
asset.
IV. Identify assets at a sample of locations and trace to the organization's records.

A.

 I only

B.

I and IV only

C.

II and III only

D.

III and IV only

Which of the following audit techniques provides for continuous monitoring and analysis of
computer transactions for detailed auditing?

A.

Integrated test facility.

B.

 Parallel simulation.

C.

Test data.

D.

Embedded audit routines

Access control software on an organization's mainframe computer records detailed information
concerning both successful and unsuccessful log-on attempts to applications. Which of the
following audit tools would be best suited to review the access information that has been
recorded?

A.

Generalized audit software.

B.

Flowcharting.

C.

Integrated test facility.

D.

Test data.

Which of the following would provide the greatest assurance of the accuracy of a computer
program's computation of freight charges for catalog sales?

A.

Use discovery sampling, selecting transactions from invoices which should have freight charges
added to them.

B.

Use either test data or parallel simulation to test the computer application.

C.

Use difference estimation, selecting transactions from invoices which should have freight
charges added to them.

D.

Use generalized audit software to select a monetary-unit sample of invoices that have been
billed to customers.

If an auditor used nonstatistical sampling instead of statistical sampling to estimate the value of
inventory, which of the following would be true?

A.

The confidence level could not be quantified.

B.

The precision would be larger.

C.

The projected value of inventory would be less reliable.

D.

The risk of incorrect acceptance would be higher.