IIA Exam IIA-CIA-Part2 Topic 7 Question 74 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam

Question #: 74
Topic #: 7

The internal audit activity has requested that new vendor information be summarized once per week in a single report, and that all invoices each week for these vendors be automatically flagged in the invoice processing system. Which of the following computerized audit techniques is the internal audit activity most likely applying?

AEnabling continuous auditing.

BEmploying generalized audit software.

CFacilitating electronic workpapers.

DUsing machine learning.

Show Suggested Answer

Suggested Answer: C

by Pamella at Apr 14, 2024, 03:32 AM

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Sharen

2 days ago

I believe using machine learning could also be a possibility to achieve the same objectives efficiently.

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Lauryn

4 days ago

I agree with Aileen. Enabling continuous auditing would help in summarizing new vendor information and flagging invoices automatically.

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Yuriko

6 days ago

Hmm, I'd say this is more about employing generalized audit software. Summarizing vendor info and flagging invoices sounds like the kind of stuff you'd use a tool like IDEA for.

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Aileen

9 days ago

I think the internal audit activity is most likely applying continuous auditing.

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Alecia

10 days ago

Continuous auditing? That's the one, I'm pretty sure. Automatic flagging of invoices is a classic continuous auditing technique.

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