IIA-CIA-Part2 시험 - IIA실제시험문제와 답 - 508문항

Question No : 1

During an audit of a retail organization, an internal auditor found a scheme in which the warehouse director and the purchasing agent diverted approximately $500,000 of goods to their own warehouse, then sold the goods to third parties. The fraud was not found earlier since the warehouse director updated the perpetual inventory records and then forwarded receiving reports to the accounts payable department for processing.
Which of the following procedures would have most likely led to the discovery of the missing materials and the fraud?

A.Select a random sample of receiving reports and trace to the recording in the perpetual inventory records. Note differences and investigate by type of product.
B.Select a random sample of purchase orders and trace to receiving reports and to the records in the accounts payable department.
C.Take an annual physical inventory, reconciling amounts with the perpetual inventory records. Note the pattern of differences and investigate.
D.Select a random sample of sales invoices and trace to the perpetual inventory records to see if inventory was on hand. Investigate any differences.

정답:

Question No : 2

An appliance repair company is considering relocating the center that houses its service vehicles. An internal auditor wants to determine the potential reduction in average miles driven by the service vehicles if the center is relocated.
Which of the following statistical sampling methods would be most appropriate for this test?

A.Attributes sampling.
B.Discovery sampling.
C.Probability-proportional-to-size sampling.
D.Mean-per-unit sampling.

정답:

Question No : 3

As part of an operational audit of the shipping department, an auditor selected a sample of 45 daily shipping logs from the department's files. On 44 of the days, the log contained a sufficient number of shipments to meet the department's daily quota. Based on this test, the auditor concluded that the shipping department was effective at meeting its quotas.
Which of the following is true about the auditor's conclusion?

A.The number of items selected for testing is inadequate to justify the conclusion.
B.The shipping department is effective in meeting its responsibilities.
C.This conclusion would negate any need to perform tests of efficiency.
D.None of the above.

정답:

Question No : 4

A film company determined that income level impacts the number of films that people watch per month, as shown by the graph below:
The graph indicates that:

A.A richer person always sees more films than a poorer person.
B.The number of films seen per month is a linear function of income level.
C.A 20 percent pay increase is more likely to increase film viewing at lower income levels than at higher income levels.
D.A 20 percent pay increase is likely to increase film viewing by a constant amount regardless of income level.

정답:

Question No : 5

Which of the following performance criteria would be most useful when measuring the performance of a customer service desk?

A.The number of customer inquiries recorded per day.
B.The percentage of customer issues resolved within 24 hours.
C.The number of customer complaints recorded per day.
D.The percentage of total customers served per day.

정답:

Question No : 6

Which of the following would provide the best audit evidence regarding the effectiveness of an applied research department?

A.Develop a cost-per-product analysis for products developed over the past five years.
B.Develop a report on revenue generated by or cost savings directly attributable to newly developed products.
C.Compare research as a percentage of revenue between this company and all major competitors in the same industry.
D.Compare the number of this year's new product developments to the number of new product developments for the past five years.

정답:

Question No : 7

In order to effectively elicit sensitive information from an employee during an audit engagement, an auditor should:

A.Tell the employee a piece of information obtained from a coworker in a previous interview.
B.Put sensitive questions at the beginning of a questionnaire to ensure that they are answered.
C.Explain that the auditor's reputation for integrity, which is vital to the auditor's business success, would be seriously damaged if confidentiality were breached.
D.Point out that management has given the auditor full authority to conduct this interview.

정답:

Question No : 8

What is the most important risk in determining the validity of construction delay claims?

A.Contractor claims may be submitted prior to completion of the work.
B.Contractor claims may include costs considered in the fixed-price portion of the work.
C.Contractor claims may include subcontractor estimates of balances due to the subcontractor.
D.Contractor claims may be understated.

정답:

Question No : 9

An auditor used a questionnaire during an interview to gather information about the nature of credit sales processing. The questionnaire did not cover some pertinent information offered by the person being interviewed, and the auditor did not document the potential problems for further investigation.
The primary deficiency with the above process is that:

A.The auditor failed to consider the importance of the information offered.
B.A questionnaire was used in a situation where a structured interview should have been used.
C.Using a questionnaire precludes the auditor from documenting other information.
D.The engagement program was incomplete.

정답:

Question No : 10

During the development of a purchasing system, an auditor reviewed the payment authorization program.
Which of the following actions should the auditor recommend for a situation in which the quantity invoiced is greater than the quantity received?

A.Issue an exception report.
B.Pay the amount billed and adjust the inventory account for the difference.
C.Return the invoice to the vendor for correction.
D.Authorize payment of the full invoice, but maintain an open purchase order record for the missing goods.

정답:

Question No : 11

An auditor for a major retail company suspects that inventory fraud is occurring at three stores which have high costs of goods sold.
Which of the following audit activities would provide the most persuasive evidence that fraud is occurring?

A.Use an integrated test facility (ITF) to compare individual sales transactions with test transactions submitted through the ITF and investigate all differences.
B.Interview the three individual store managers to determine if their explanations about the observed differences are the same, and then compare their explanations to that of the section manager.
C.Schedule a surprise inventory audit to include a physical inventory and investigate areas of inventory shrinkage.
D.Select a sample of individual store prices and compare them with the sales entered on the cash register for the same items.

정답:

Question No : 12

Which of the following does not represent a difficulty in using red flags as fraud indicators?

A.Many common red flags are also associated with situations where no fraud exists.
B.Some red flags are difficult to quantify or to evaluate.
C.Red flag information is only gathered in extraordinary circumstances.
D.The red flags literature is not well enough established to have a positive impact on auditing.

정답:

Question No : 13

After partially completing an internal control review of the accounts payable department, an auditor suspects that some type of fraud has occurred. To ascertain whether the fraud is present, the best sampling approach would be to use.

A.Simple random sampling to select a sample of vouchers processed by the department during the past year.
B.Probability-proportional-to-size sampling to select a sample of vouchers processed by the department during the past year.
C.Discovery sampling to select a sample of vouchers processed by the department during the past year.
D.Judgmental sampling to select a sample of vouchers processed by clerks who were identified by the department manager as acting suspiciously.

정답:

Question No : 14

Which of the following audit procedures is most suitable for verifying that all sales transactions have been recorded?

A.Observation.
B.Tracing.
C.Re-computation.
D.Vouching.

정답:

Question No : 15

An auditor decides to perform an inventory turnover analysis for both raw materials inventory and finished goods inventory.
The analysis would be potentially useful in:
I. Identifying products for which management has not been attuned to changes in market demand.
II. Identifying potential problems in purchasing activities.
III. Identifying obsolete inventory.

A.III only
B.I and II only
C.II and III only
D.I, II, and III

정답:

IIA IIA-CIA-Part2 시험