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IIA Exam IIA-CIA-Part2 Topic 1 Question 54 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam
Question #: 54
Topic #: 1
[All IIA-CIA-Part2 Questions]

An internal auditor s examination of accounts receivable generates the following results:

What is the projected misstatement for the population if ratio estimation is used?

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Suggested Answer: C

by Erinn at Jan 07, 2023, 11:22 PM

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Bernadine
3 months ago
I don't know about you, but I'm going to need a calculator the size of a small country to figure this one out.
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Han
1 months ago
D) $2100.000
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Moon
1 months ago
D) $2100.000
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Buddy
2 months ago
C) $700,000
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Carolann
2 months ago
C) $700,000
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Jolene
2 months ago
B) $238,095
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Elouise
2 months ago
A) $84,000
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Paz
2 months ago
B) $238,095
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Aretha
2 months ago
A) $84,000
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Johnson
3 months ago
A) $84,000 seems too good to be true. As an auditor, I've learned that the truth is rarely that clean and simple.
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Pamella
3 months ago
C) $700,000 - I'm feeling lucky today, and that's a nice round number. Who doesn't love a good old-fashioned auditing jackpot?
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Beatriz
3 months ago
I'm going with B) $238,095. It's the only answer that looks like a real number, not just a random big figure.
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Alesia
3 months ago
Hmm, ratio estimation sounds like a fancy way to say 'guessing with math'.
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Shizue
2 months ago
D) $2100.000
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Viva
2 months ago
C) $700,000
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Youlanda
2 months ago
B) $238,095
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Nilsa
3 months ago
A) $84,000
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Emerson
4 months ago
I'm not sure, but I think the answer might be C) $700,000 based on the results provided by the internal auditor.
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Janessa
4 months ago
I agree with Beatriz, because the ratio estimation method is used to estimate misstatements in the population.
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Beatriz
4 months ago
I think the answer is B) $238,095.
upvoted 0 times
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