Audit Execution and Evidence CISA Practice Questions (Page 3)

Questions 11–15

1. 11foundation · easy

   In which situation is non-statistical sampling most appropriate?

   • AWhen the auditor wants to ensure every item has an equal chance of selection
   • BWhen the auditor needs to quantify sampling risk and project errors to the population
   • CWhen the population is small and the auditor can test all items
   • DWhen the auditor uses judgment to select items based on risk and materiality
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2. 12expert · hard

   An IS auditor is analyzing a dataset of 100,000 transactions to identify potential duplicate payments. The auditor has run a duplicate detection test and found 500 potential duplicates. What is the MOST appropriate next step?

   • AInvestigate a sample of the potential duplicates to determine if they are valid duplicate payments.
   • BDocument the potential duplicates as a finding without further investigation.
   • CConclude that there is a material weakness in the payment process and report it.
   • DExpand the test to include all transactions to confirm the findings.
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4. 13foundation · easy

   Which of the following is a common tool used for data analytics in audits?

   • AWord processing software
   • BBoth Excel and ACL Analytics are common tools
   • CACL Analytics
   • DMicrosoft Excel
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5. 14foundation · easy

   What is the primary role of data analytics in audit execution?

   • ATo replace the auditor's professional judgment
   • BTo automate the entire audit process
   • CTo eliminate the need for sampling
   • DTo enhance risk assessment and testing by analyzing large volumes of data
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6. 15application · medium

   An IS auditor is reviewing a population of 5,000 purchase orders. The auditor wants to ensure that high-value orders (over $50,000) are all reviewed, while lower-value orders are sampled. Which sampling technique is MOST appropriate?

   • ARandom sampling, using a random number generator to select orders from the entire population.
   • BSystematic sampling, selecting every 50th purchase order from a random starting point.
   • CStratified sampling, dividing the population into high-value and low-value strata, and sampling all high-value orders.
   • DHaphazard sampling, selecting orders that the auditor believes are most likely to contain errors.
   Reveal Solution Discussion Select an answer first