IIA Exam IIA-CIA-Part2 Topic 1 Question 54 Discussion

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

Question #: 54
Topic #: 1

[All IIA-CIA-Part2 Questions]

An internal auditor s examination of accounts receivable generates the following results:

What is the projected misstatement for the population if ratio estimation is used?

A$84,000

B$238,095

C$700,000

D$2100.000

Show Suggested Answer

Suggested Answer: C

by Erinn at Jan 07, 2023, 11:22 PM

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15 hours ago

I'm going with B) $238,095. It's the only answer that looks like a real number, not just a random big figure.

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19 days ago

Hmm, ratio estimation sounds like a fancy way to say 'guessing with math'.

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3 days ago

A) $84,000

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23 days ago

I'm not sure, but I think the answer might be C) $700,000 based on the results provided by the internal auditor.

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25 days ago

I agree with Beatriz, because the ratio estimation method is used to estimate misstatements in the population.

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26 days ago

I think the answer is B) $238,095.

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