IIA-CIA-Part2 Practice Test

Which of the following would provide the best evidence of compliance with an airline's standard of
having aircraft refueled and cleaned within a specified time of arrival at an airport?

A.

Vendor fuel invoices that have been reconciled to inventory records.

B.

Time cards completed by aircraft cleaning and fueling crews.

C.

Observation of selected aircraft while they are being refueled and cleaned.

D.

Comparison of the standard hourly labor costs for cleaning and fueling personnel with actual
labor charges.

A company's policy requires that all customers be treated in a fair and consistent manner. Which
of the following audit procedures would provide the most persuasive evidence that the policy was
followed?

A.

Compare the aging of outstanding receivables due from each customer.

B.

Compare credit reports with annual sales for a sample of customers.

C.

Compare the ratio of outstanding receivables to the authorized credit limit for each customer.

D.

Compare the sales discounts offered to each customer.

An auditor plans to analyze customer satisfaction, including. (1) customer complaints recorded by
the customer service department during the last three months; (2) merchandise returned in the last
three months; and (3) responses to a survey of customers who made purchases in the last three
months. Which of the following statements regarding this audit approach is correct?

A.

 Although useful, such an analysis does not address any risk factors.

B.

The survey would not consider customers who did not make purchases in the last three
months.

C.

Steps 1 and 2 of the analysis are not necessary or cost-effective if the customer survey is
comprehensive.

D.

Analysis of three months' activity would not evaluate customer satisfaction.

Company A has a formal comprehensive corporate code of ethics while company B does not. Which of the following statements regarding the existence of the code of ethics in company A can
be logically inferred?
I. Company A exhibits a higher standard of ethical behavior than does company B.
II. Company A has established objective criteria by which an employee's actions can be evaluated.
III. The absence of a formal corporate code of ethics in company B would prevent a successful
audit of ethical behavior in that company.

A.

II only

B.

III only

C.

I and II only

D.

II and III only

Which of the following files, when compared with billing records, would provide the best source of
information for determining if all goods shipped are billed to customers?

A.

Pre-numbered customer invoices.

B.

ccounts receivable transactions.

C.

Pre-numbered shipping documents.

D.

Customer purchase orders