IIA Exam IIA-ACCA Topic 4 Question 3 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 3
Topic #: 4

An internal auditor uses a predefined macro provided in a popular spreadsheet application to verify the present value of the organization's investments. Which of the following is the most appropriate course of action regarding the auditor's use of this functionality?

AThe auditor should accept the calculations generated by the function, as any further work or documentation would be inefficient.

BThe auditor should perform a manual recalculation of several results to validate and document the results.

CThe auditor should review the programming of the macro before its use to ensure that it is appropriate for the required calculations.

DThe auditor should tabulate the results in the spreadsheet to ensure the macro has generated the correct results for all calculations.

Show Suggested Answer

Suggested Answer: B

by Minna at May 07, 2022, 07:32 AM

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