ADA Continuous Auditing and Monitoring 2

Question 1

Which metric best measures the effectiveness of a continuous monitoring program over time?

Accepted Answer

The ratio of true positives to total alerts (precision rate)

Answer

Precision (true positives / total alerts) measures how many alerts represent real issues, indicating whether the program is generating actionable findings.

Question 2

In continuous auditing, 'audit universe coverage' refers to:

Accepted Answer

The percentage of the population tested by continuous controls

Answer

Audit universe coverage measures what proportion of the auditable population is subject to automated continuous testing.

Question 3

An auditor using continuous monitoring notices that the alert volume for duplicate payments has dropped to zero over three months. The auditor should FIRST:

Accepted Answer

Verify that the monitoring rule is still active and processing data correctly

Answer

Zero alerts may indicate the control is working, but could also mean the monitoring rule has failed or stopped receiving data — the rule itself must be validated.

Question 4

Which of the following BEST describes a 'control self-assessment' integrated with continuous monitoring?

Accepted Answer

Management periodically evaluating the effectiveness of their own controls using monitoring data

Answer

Control self-assessment uses monitoring output to help management identify control gaps and evaluate effectiveness on an ongoing basis.

Question 5

When implementing a continuous auditing program, which challenge is MOST commonly cited by organizations?

Accepted Answer

Data quality issues including incomplete, inconsistent, or inaccessible data

Answer

Poor data quality — missing fields, inconsistent formats, or restricted access — is the most frequently reported barrier to continuous auditing implementation.

ADA - Audit Data Analytics Certification Practice Test

ADA - Audit Data Analytics Certification Practice Test

ADA Continuous Auditing and Monitoring 2