IIA IIA-CIA-Part2 Quiz 222 Topic 1 Questions 1106-1110

Question: 1

One of the best ways for the board of an organization to deter fraudulent financial reporting is to

ARequire board members to have current training and experience in financial accounting standards.

BOnly appoint audit committee members with an understanding of financial accounting and reporting.

CPublish and monitor a code of conduct that creates a culture of honesty and high ethical values at all levels.

DRequest that the external auditors review and report on the possibility of this type of fraud at each of their audits.

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Question: 2

In a sampling application, the group of items about which the auditor wants to estimate some characteristic is called the

APopulation.

BAttribute of interest.

CSample.

DSampling unit.

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Question: 3

Increasing the desired precision from $1,000 to $2,000 would have what effect on the required size of a sample?

AIt would increase the sample size.

BIt would decrease the sample size.

CIt would have no effect on the sample size.

DThe effect on the sample size is not determinable.

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Question: 4

A recent survey indicated that residents of a small town take the train to a nearby city eight times per month, on average. The same survey showed that the number of train trips that a resident takes per month (y) is determined by the number of days per month that the resident works in the nearby city (x), according to the equation y = 2 + 2x. A person who never works in the nearby city is expected to take the train

AZero times per month.

BTwo times per month.

CFour times per month.

DEight times per month.

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Question: 5

Five brand managers in a consumer products company met to determine how well certain promotions had performed. The data that they needed to analyze consisted of approximately 50 gigabytes of daily point of sale (POS) data for each month. The brand managers tried to download the POS data from the mainframe and import it into microcomputer spreadsheets for analysis. Their efforts were unsuccessful, most likely because of

AThe complexity of the mainframe data structure and the large volume of data.

BThe difficulty of establishing access privileges for each subset of the mainframe data.

CInconsistencies in the mainframe data due to lack of integrity constraints on the data files.

DError prone transmission links for downloading the data from the mainframe data files.

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IIA IIA-CIA-Part2 Quiz:222 Topic:1 Questions:1106-1110