IIA-CIA-Part2 exam

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...

Which of the following is an example of the verification of internal documentary evidence?A . Reviewing a carrier's bill of lading.B . Reconciling a vendor's month-end statement.C . Vouching a copy of a sales invoice to receivables.D . Recalculating a customer's purchase order.View AnswerAnswer: C

Which of the following processes real-transaction data through auditor-developed test programs?A . Generalized audit software.B . Tracing.C . Parallel simul-ation.D . Mapping.View AnswerAnswer: C

An internal auditor is discussing an audit problem with an engagement client. While listening to the client, the internal auditor should:A . Prepare a response to the client.B . Take mental notes on the speaker's nonverbal communication, as it is more important than what is being said.C . Make sure...

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 simul-ation to test the...