IIA Exam IIA-CIA-Part2 Topic 7 Question 62 Discussion

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

Question #: 62
Topic #: 7

An internal auditor for a regional bank suspects that the head of commercial lending has been granting loans without the required collateral Which of the following sampling techniques will be most effective for investigating the auditor's suspicion?

AVariables sampling

BDollar-unit sampling

CJudgmental sampling

DDiscovery sampling

Show Suggested Answer

Suggested Answer: B

by Fabiola at Jul 30, 2023, 01:41 PM

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Rosita

I'll have to go with D) Discovery sampling. The auditor's looking to uncover hidden issues, so this technique might help them stumble upon the goods, so to speak.

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Mitzie

12 days ago

I believe dollar-unit sampling could also be effective in this situation, as it focuses on high-value transactions.

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Norah

12 days ago

B) Dollar-unit sampling? That's a bold choice. I wonder if the auditor is planning to follow the money trail and uncover any suspicious loan amounts.

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Shelba

17 days ago

I agree with Nieves, judgmental sampling allows the auditor to focus on specific areas of concern.

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Lavera

17 days ago

Hmm, I'm guessing C) Judgmental sampling is the way to go here. The auditor is specifically looking for any potential foul play, so they'll need to use their professional judgment to target the areas of highest risk.

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Nieves

21 days ago

I think the most effective sampling technique would be judgmental sampling.

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