IIA Exam IIA-CIA-Part3-3P Topic 13 Question 47 Discussion

Actual exam question for IIA's IIA-CIA-Part3-3P exam

Question #: 47
Topic #: 13

Which of the following is an example of internal auditors applying data mining techniques for exploratory purposes?

AInternal auditors perform reconciliation procedures to support an external audit of financial reporting.

BInternal auditors perform a systems-focused analysis to review relevant controls.

CInternal auditors perform a risk assessment to identify potential audit subjects as input for the annual internal audit plan.

DInternal auditors test IT general controls with regard to operating effectiveness versus design.

Show Suggested Answer

Suggested Answer: B

by Alesia at Jul 03, 2024, 06:42 AM

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Charolette

6 months ago

Option D is tempting, but it's more about testing controls rather than exploring data. C is the way to go, in my opinion. Data mining FTW!

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Xuan

5 months ago

Exploring data through risk assessment is a smart move for internal auditors to make informed decisions.

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Lili

5 months ago

Data mining can definitely help internal auditors in identifying potential audit subjects for their annual plan.

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Allene

5 months ago

I think option C is a great example of internal auditors using data mining techniques effectively.

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Earleen

5 months ago

I agree, option C is the best choice for applying data mining techniques for exploratory purposes.

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Pamela

6 months ago

I believe the correct answer is B) as data mining techniques are commonly used in analyzing controls.

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Domingo

6 months ago

I'm not sure, but I think A) Internal auditors perform reconciliation procedures to support an external audit of financial reporting could also be a valid option.

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Elenore

6 months ago

Data mining? More like data MINING for gold, am I right? Gotta find those audit nuggets!

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Suzan

6 months ago

I agree with Mickie, data mining techniques are often used in systems-focused analysis.

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Cordelia

7 months ago

Internal auditors using data mining? Sounds like they're going to need a bigger boat... or a bigger spreadsheet!

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Lera

6 months ago

D) Internal auditors test IT general controls with regard to operating effectiveness versus design.

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Yolande

6 months ago

C) Internal auditors perform a risk assessment to identify potential audit subjects as input for the annual internal audit plan.

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Augustine

6 months ago

B) Internal auditors perform a systems-focused analysis to review relevant controls.

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Lashon

6 months ago

A) Internal auditors perform reconciliation procedures to support an external audit of financial reporting.

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Earlean

7 months ago

Option C seems like the correct answer. Internal auditors use data mining to identify potential audit subjects for their annual plan based on risk assessment.

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Roxane

6 months ago

Yes, data mining is a valuable tool for internal auditors to prioritize their audit plan based on risk assessment.

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Timothy

6 months ago

I agree, option C is the correct answer. Data mining helps internal auditors identify potential audit subjects.

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Mickie

7 months ago

I think the answer is B) Internal auditors perform a systems-focused analysis to review relevant controls.

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