IIA IIA-CIA-Part2 Quiz 167 Topic 9 Questions 831-835

Question: 1

Reliable information is

ASupportive of the engagement observations and consistent with the engagement objectives.

BHelpful in assisting the organization in meeting prescribed goals.

CFactual, adequate, and convincing so that a prudent person would reach the same conclusion as the internal auditor.

DCompetent and the best attainable through the use of appropriate engagement techniques.

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Question: 2

When sampling methods are used, the concept of sufficiency of information means that the samples selected provide

AReasonable assurance that they are representative of the sampled population.

BThe best information that is reasonably obtainable.

CReasonable assurance that the information has a logical relationship to the engagement objective.

DAbsolute assurance that a sample is representative of the population.

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Question: 3

Which of the following is an essential factor in evaluating the sufficiency of information?

The information must

ABe well documented and cross-referenced in the working papers.

BBe based on references that are considered competent.

CBear a direct relationship to the observation and include all of the elements of an observation.

DBe convincing enough for a prudent person to reach the same decision.

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Question: 4

An internal auditor is evaluating the advertising function. The organization has engaged a medium-sized local advertising agency to place advertising in magazine publications. As part of the review of the engagement working papers, the internal auditing supervisor is evaluating the information collected. The internal auditor reviewed the language in the advertising for its legality and compliance with fair trade regulations by interviewing the organization's advertising manager, the product marketing director (who may not have been objective), and five of the organization's largest customers (who may not have been knowledgeable). The supervisor can justifiably conclude that the information is

AReliable.

BIrrelevant.

CConclusive.

DInsufficient.

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Question: 5

What characteristic of information is satisfied by an original signed document?

ASufficiency.

BReliability.

CRelevance.

DUsefulness.

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IIA IIA-CIA-Part2 Quiz:167 Topic:9 Questions:831-835