IIA
IIA-CIA-PART3 · Question #4
IIA-CIA-PART3 Question #4: Real Exam Question with Answer & Explanation
The correct answer is C. An ad-hoc inventory listing spreadsheet comprising details of written-off inventory quantities.. See the full explanation below for the reasoning.
Question
According to 11A guidance on IT, which of the following spreadsheets is most likely to be considered a high-risk user-developed application?
Options
- AA revenue calculation spreadsheet supported with price and volume reports from the production
- BAn asset retirement calculation spreadsheet comprised of multiple formulas and assumptions.
- CAn ad-hoc inventory listing spreadsheet comprising details of written-off inventory quantities.
- DAn accounts receivable reconciliation spreadsheet used by the accounting manager to verify
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