IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 151:

  Some specific problems that can occur with secondary data and suggested methods to correct those problems include all of the following EXCEPT:

  A. Incomplete data
  B. Irrelevant data
  C. Incomparable data
  D. Complete data
  D. Complete data

• Question 152:

  In the U.S., _________ certainly has expanded the amount of documented procedures for auditors to review. In addition to ________, auditors also access information that might otherwise be exempt from public disclosure. Protecting the confidential status of information during the audit process and after the release of an audit is very important.

  A. Freedom of speech, private documents
  B. Freedom of information legislation, public documents
  C. Freedom of information legislation, private documents
  D. Freedom of speech, public documents
  B. Freedom of information legislation, public documents

• Question 153:

  All of the following are the Specific aspects of proper audit supervision EXCEPT:

  A. Ensuring that staff auditors are qualified to perform their assignments and verifying that audit working papers adequately support audit findings, conclusions and recommendations.
  B. Implemented adequate audit policies and procedures.
  C. Approving the audit program and ensuring that it is followed, unless approved changes are made.
  D. Providing clear and timely instructions to staff so audit objectives are achieved.
  B. Implemented adequate audit policies and procedures.

• Question 154:

  The________ is the total number of units being studied and ______ is a characteristic of the population. Where as A _________ is a characteristic of the sample.

  A. Parameter, population, statistics
  B. Population, parameter, statistics
  C. Statistics, parameter, population,
  D. Population, statistics, parameter
  B. Population, parameter, statistics

• Question 155:

  Who control the operation of the computer system and for the efficient use of computer resources which is responsible?

  A. software programmer
  B. the smart programmer
  C. system programmers
  D. the smart-and-gets-things-done programmer
  C. system programmers

• Question 156:

  ________is a concept relating to the accumulation of the audit evidence necessary for the auditor to conclude that there are no material misstatements in the financial statements taken as a whole. While the ________ is responsible for forming and expressing an opinion on the financial statements, the responsibility for preparing and presenting the financial statements is that of the management of the entity.

  A. Reasonable assurance, auditor
  B. Audit policy, controller
  C. Reasonable assurance, trainer
  D. Audit record, auditor
  A. Reasonable assurance, auditor

• Question 157:

  Auditors should monitor the results from previous audit findings and recommendations to ensure that the customer has taken corrective action or consciously accepted the risk of not implementing corrective measures. The level of appropriate follow-up on prior findings is determined by the following:

  A. The amount of time management has had to correct the problem.
  B. The amount and quality of interim feedback the auditor has received from the customer regarding the status of correcting the finding since the prior audit.
  C. The amount of risk and exposure involved if corrective actions fail to correct the problem.
  D. All of above.
  D. All of above.

• Question 158:

  _________ is a method of measuring the statistical relationship that exists between two or more variables. Auditors might use regression to estimate the effects of a particular program on its target population. Where _________ measures performance. Data envelopment analysis (DEA) expands the single-input/single-output model of efficiency measurement to the real-world environment of multiple-input/multiple-output organizations.

  A. Regression analysis, Data envelopment analysis
  B. Cost-effectiveness analysis, Cost/benefit analysis
  C. Coding operation, Cost-effectiveness analysis
  D. Regression analysis, Cost-effectiveness analysis
  A. Regression analysis, Data envelopment analysis

• Question 159:

  _______is the fulfillment of responsible ownership on behalf of the community and it is the exercise of authority, direction, and control over an organization.

  A. Credibility
  B. Controllability
  C. Governance
  D. Accountability
  C. Governance

• Question 160:

  All of the following is the terminologies used to refer to audits of performance EXCEPT:

  A. Control audit
  B. Operational audit and program audit
  C. Comprehensive audit and broad-scope audit
  D. Management audit and value for money audit
  A. Control audit