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IIA Exam IIA-CHAL-QISA Topic 2 Question 20 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam
Question #: 20
Topic #: 2
[All IIA-CHAL-QISA Questions]

A bakery chain has a statistical model that can be used to predict daily sales at individual stores based on a direct relationship to the cost of ingredients used and an inverse relationship to rainy days What conditions would an auditor look for as an Indicator of employee theft of food from a specific store?

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Suggested Answer: C

ISO 31000 Context: ISO 31000 provides guidelines on risk management, emphasizing the importance of understanding the external context.

External Context: This includes external factors such as regulatory and competitive environments that can impact the organization's risk profile.

Regulatory Environment: Understanding regulations helps the organization ensure compliance and avoid legal risks.

Competitive Environment: Analyzing the competitive environment allows the organization to anticipate market changes and manage competitive risks.


ISO 31000 Risk Management Guidelines.

by Maxima at Jan 13, 2025, 08:20 AM

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Cheryl
20 days ago
Option A is definitely the way to go. If the numbers don't add up, it's time to investigate. After all, you can't hide a stolen croissant under an umbrella.
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Paris
8 hours ago
User 1: Option A is definitely the way to go.
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Deonna
28 days ago
Ha! Looks like the bakery's got a bunch of budding magicians working in the back. Turning rainy days into sunny sales figures? I wonder if they can teach me that trick.
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Alberta
16 days ago
User 1: Maybe they're just really good at predicting sales.
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Dorian
29 days ago
Hmm, I'm not sure. Couldn't it also be that the bakery's marketing team came up with an amazing rainy-day promotion? I'd want to look into that before jumping to conclusions about theft.
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Laura
1 months ago
I agree with Juan. The auditor should look for discrepancies between the expected and actual sales figures, especially when the weather is supposed to have a negative impact on sales.
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Frank
21 days ago
B: That could be a sign of employee theft, right?
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Elena
26 days ago
A: On a rainy day, total sales are greater than expected when compared to the cost of ingredients used.
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Juan
1 months ago
Option A is correct. If total sales are greater than expected on a rainy day, it could indicate employee theft of food, as the model predicts lower sales on such days.
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Staci
2 months ago
But what if the cost of ingredients used is also greater than expected? Would that change things?
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Gerald
2 months ago
I agree with Dortha, it could indicate employee theft if sales are higher than expected on a rainy day.
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Dortha
2 months ago
I think an auditor would look for option A, on a rainy day total sales are greater than expected.
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