IIA-CIA-Part3 Exam Question 71
If electronic funds transfer EFT) is used to pay vendor invoices, which of the following computer-assisted audit procedures would an auditor use to determine if any payments were made twice?
I. Testing of EFT transactions for reasonableness.
II. Identification of EFT transactions to the same vendor for the same dollar amount.
III. Extraction of EFT transactions with unauthorized vendor codes.
IV.
Searching for EFT transactions with duplicate purchase order numbers.
I. Testing of EFT transactions for reasonableness.
II. Identification of EFT transactions to the same vendor for the same dollar amount.
III. Extraction of EFT transactions with unauthorized vendor codes.
IV.
Searching for EFT transactions with duplicate purchase order numbers.
IIA-CIA-Part3 Exam Question 72
Which of the following observations concerning quality control is most accurate?
IIA-CIA-Part3 Exam Question 73
Refer to the exhibit.
Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:
If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:
Presented below are partial year-end financial statement data (000 omitted from dollar amounts) for companies A and B:
If company A has a quick ratio of 2:1, then it has an accounts receivable balance of:
IIA-CIA-Part3 Exam Question 74
The following data are available from the records of a department store for the year ended
December 31, Year 1:
Using the retail method to approximate valuation at lower of average cost or net realizable value, the department store's merchandise inventory at December 3-1, Year 1 is
December 31, Year 1:
Using the retail method to approximate valuation at lower of average cost or net realizable value, the department store's merchandise inventory at December 3-1, Year 1 is
IIA-CIA-Part3 Exam Question 75
Which of the following statements about slack time and milestones are true?
1. Slack time represents the amount of time a task may be delayed without delaying the entire project.
2. A milestone is a moment in time that marks the completion of the project's major deliverables.
3. Slack time allows the project manager to move resources from one task to another to ensure that the project is finished on time.
4. A milestone requires resource allocation and needs time to be completed.
1. Slack time represents the amount of time a task may be delayed without delaying the entire project.
2. A milestone is a moment in time that marks the completion of the project's major deliverables.
3. Slack time allows the project manager to move resources from one task to another to ensure that the project is finished on time.
4. A milestone requires resource allocation and needs time to be completed.