IIA Exam IIA-CIA-Part3 Topic 4 Question 49 Discussion

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

Question #: 49
Topic #: 4

During an audit of the organization's annual financial statements, the internal auditor notes that the current cost of goods sold percentage is substantially higher than in prior years. Which of the following is the most likely explanation for this increase?

ACost of raw material inventory items is decreasing.

BProcess to manufacture goods is more efficient.

CLabor productivity to produce goods is increasing.

DWrite-off of inventory is increasing.

Show Suggested Answer

Suggested Answer: D

by Cristy at May 07, 2022, 10:12 PM

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