Question 1

Non-statistical sampling does not require which of the following?

Options :

A : The sample to be representative of the population.

B : The sample to be selected haphazardly.

C : A smaller sample size than if selected using statistical sampling.

D : Projecting the results to the population.

Answer: C

Question 2

Which of the following is an example of collusion?

Options :

A : An employee includes a faked receipt in his expense claim, and the claim is signed by the employee-s manager.

B : A vendor inflates the price of an item and remits a portion of the excess to the purchasing manager.

C : A vendor sends a duplicate invoice with a new invoice number, and the accounts payable system fails to detect the duplication.

D : An employee works with the IT manager to develop a program for identifying duplicate invoice payments.

Answer: B

Question 3

Which of the following actions would be characterized as a preventive control to safeguard inventory from the risk of theft?1. Locking doors and physically securing inventory items.2. Independently observing the receipt of materials.3. Conducting monthly inventory counts.4. Requiring the use of employee ID badges at all times.

Options :

A : 1 and 3.

B : 1 and 4.

C : 2 and 3.

D : 2 and 4.

Answer: B

Question 4

Which of the following would be considered a preventive control?

Options :

A : A library control log.

B : A review of exception reports.

C : A password lock on a server.

D : A software scan of financial records for irregularities.

Answer: C

Question 5

According to IIA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?

Options :

A : To enable Triple Bottom Line reporting capability.

B : To facilitate the conduct of risk assessment.

C : To achieve and maintain sustainable development.

D : To fulfill regulatory and compliance requirements.

Answer: C

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