IIA IIA-CIA-Part1 Quiz 78 Topic 1 Questions 386-390

Question: 1

An internal auditor is using mean-per-unit sampling to estimate the value of health benefit claims for a period. The auditor's desired precision is $20, 000. If the achieved precision is $10, 000, which of the following conditions is implied?

AThe value of claims is overstated.

BThe value of claims is understated.

CThe standard deviation is smaller than expected.

DThe standard deviation is larger than expected.

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Question: 2

An internal auditor is designing a sampling plan to test the accuracy of daily production reports over the past three years. All of the reports contain the same information except that Friday reports also contain weekly totals and are prepared by managers rather than by supervisors. Production normally peaks near the end of a month. If the auditor wants to select two reports per month using an interval sampling plan, which of the following techniques reduces the likelihood of bias in the sample?

AEstimating the error rate in the population.

BUsing multiple random starts.

CIncreasing the confidence level.

DIncreasing the precision.

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Question: 3

Which of the following is a common error made in designing multiple-choice questions in a survey questionnaire?

AUnipolar rather than bipolar labels are used for the response categories.

BThe alternative response categories for the questions are not mutually exclusive.

CLikert scaling is used instead of semantic differential scaling.

DThe question itself uses terms that are very familiar to the respondent.

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Question: 4

An internal auditor is checking the accuracy of a computer-printed inventory listing to determine whether the total dollar value of inventory is significantly overstated. Because there is no time or resources to check all items in the warehouse, a sample of inventory items must be used. If the sample size is fixed, which of the following would be the most accurate sampling approach?

ASelect those items that are most easily inspected.

BEmploy simple random sampling.

CSample so that the probability of a given inventory item being selected is proportional to the number of units sold for that item.

DSample so that the probability of a given inventory item being selected is proportional to its book value.

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Question: 5

Which of the following is not an advantage of face-to-face interviews over electronic surveys?

AThe response rate is typically higher.

BInterviewers can increase a respondent's comprehension of questions.

CSurvey designers can use a wider variety of question types.

DThey are less expensive to distribute and compile data.

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IIA IIA-CIA-Part1 Quiz:78 Topic:1 Questions:386-390