Certified Internal Auditor Research & Evidence-Based Practice 3

Question 1

Which of the following BEST describes the concept of triangulation in audit research?

Accepted Answer

Corroborating findings using multiple independent data sources or methods

Answer

Triangulation involves using multiple sources, methods, or perspectives to corroborate findings, thereby increasing the validity and reliability of audit conclusions.

Question 2

In evidence-based auditing, 'reliability' of evidence refers to:

Accepted Answer

The probability that evidence accurately reflects the underlying condition

Answer

Reliability reflects whether evidence faithfully represents the actual conditions or transactions being audited, which is fundamental to drawing valid conclusions.

Question 3

An auditor discovers that the results of two different data analysis techniques conflict. The BEST next step is to:

Accepted Answer

Investigate the conflicting results to determine which technique is more appropriate

Answer

Conflicting analytical results must be investigated to understand why the discrepancy exists and to determine which technique is most appropriate for the data.

Question 4

The primary purpose of a literature review in an audit research project is to:

Accepted Answer

Identify existing knowledge, frameworks, and gaps relevant to the audit topic

Answer

A literature review establishes what is already known, identifies relevant frameworks, and reveals gaps that the current research aims to address.

Question 5

When using regression analysis to evaluate procurement spend, a high R-squared value indicates:

Accepted Answer

A large proportion of variation in spend is explained by the selected variables

Answer

R-squared (coefficient of determination) measures the proportion of variance in the dependent variable explained by the independent variables in the regression model.

Certified Internal Auditor Practice Test

Certified Internal Auditor Practice Test

Certified Internal Auditor Research & Evidence-Based Practice 3