IIA-CIA-PART2 · Question #287
Which of the following internal audit procedures commonly involves sampling?
The correct answer is B. Reperformance and inspection. Sampling is commonly involved in reperformance and inspection procedures. Reperformance involves the internal auditor independently executing procedures or controls to verify the results obtained by the entity. Inspection involves examining records, documents, or tangible…
Question
Which of the following internal audit procedures commonly involves sampling?
Options
- AConfirmation and financial statement analysis
- BReperformance and inspection
- CVouching and tracing
- DTrend analysis and benchmarking
How the community answered
(29 responses)- A3% (1)
- B93% (27)
- D3% (1)
Explanation
Sampling is commonly involved in reperformance and inspection procedures. Reperformance involves the internal auditor independently executing procedures or controls to verify the results obtained by the entity. Inspection involves examining records, documents, or tangible assets. Both of these audit procedures frequently use sampling techniques to select items for testing, which helps ensure that the auditor's conclusions are based on representative data without the need to examine every item in the population.
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