IIA Exam IIA-CIA-Part3-3P Topic 12 Question 49 Discussion

Actual exam question for IIA's IIA-CIA-Part3-3P exam

Question #: 49
Topic #: 12

Which of the following is an example of internal auditors applying data mining techniques for exploratory purposes?

AInternal auditors perform reconciliation procedures to support an external audit of financial reporting.

BInternal auditors perform a systems-focused analysis to review relevant controls.

CInternal auditors perform a risk assessment to identify potential audit subjects as input for the annual internal audit plan.

DInternal auditors test IT general controls with regard to operating effectiveness versus design.

Show Suggested Answer

Suggested Answer: B

by Loreta at Jul 16, 2024, 03:05 AM

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Mayra

4 months ago

Internal auditors performing reconciliation procedures? That's like a detective trying to balance the books - not exactly the most exciting use of data mining!

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Camellia

3 months ago

C) Internal auditors perform a risk assessment to identify potential audit subjects as input for the annual internal audit plan.

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Lonny

4 months ago

B) Internal auditors perform a systems-focused analysis to review relevant controls.

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Nu

4 months ago

A) Internal auditors perform reconciliation procedures to support an external audit of financial reporting.

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Lourdes

4 months ago

I agree with Alfreda, I also think the answer is B.

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Gearldine

4 months ago

I'm not sure, but I think it might be C.

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Bobbye

4 months ago

Data mining for exploratory purposes? Sounds like a job for Sherlock Holmes! I'd say C is the best answer here.

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Ozell

4 months ago

Option D seems more like a typical audit procedure rather than an example of data mining for exploratory purposes. I'll go with C.

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I think option C is the correct answer here. Internal auditors perform risk assessment to identify potential audit subjects for the annual internal audit plan, which involves data mining techniques for exploratory purposes.

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Curt

3 months ago

I think we can eliminate options A and B and focus on C and D for applying data mining techniques in internal auditing.

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Kris

3 months ago

I'm not sure, but option A and B seem more focused on traditional audit procedures rather than data mining techniques.

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Belen

3 months ago

I think option D might also involve some data mining techniques, as testing IT general controls could require analyzing large amounts of data.

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Novella

4 months ago

I agree, option C seems like the best choice for applying data mining techniques for exploratory purposes.

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Wynell

5 months ago

I disagree, I believe the answer is D.

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Alfreda

5 months ago

I think the answer is B.

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IIA Exam IIA-CIA-Part3-3P Topic 12 Question 49 Discussion

Contribute your Thoughts:

Mayra

Camellia

Lonny

Nu

Lourdes

Gearldine

Bobbye

Ozell

Linwood

Curt

Kris

Belen

Novella

Wynell

Alfreda