ITA Audit Planning & Methodology 3

Question 1

Which IT audit standard or framework is most commonly used by IT auditors to structure their work?

Accepted Answer

ISACA's ITAF (IT Assurance Framework)

Answer

ISACA's ITAF provides a comprehensive framework of standards, guidelines, and tools specifically designed for IT assurance and audit professionals.

Question 2

What is the role of an 'audit universe' in IT audit planning?

Accepted Answer

It is a comprehensive inventory of all auditable entities, systems, and processes within the organization

Answer

The audit universe is a complete catalog of all auditable areas that forms the basis for risk-based prioritization and multi-year audit planning.

Question 3

In IT audit methodology, what is the purpose of establishing 'audit criteria'?

Accepted Answer

To define the standards or benchmarks against which audit evidence will be evaluated

Answer

Audit criteria provide the standards, policies, or benchmarks that the auditor uses to measure and evaluate the adequacy of controls and practices identified during the audit.

Question 4

Which concept describes combining multiple types of audit procedures to reduce overall audit risk?

Accepted Answer

Audit triangulation

Answer

Audit triangulation uses multiple sources of evidence and types of procedures to corroborate findings and reduce the risk that any single procedure will miss an issue.

Question 5

What should an IT auditor do if the scope of an audit needs to change after the engagement has begun?

Accepted Answer

Formally document and communicate the scope change to management and obtain approval

Answer

Any scope change must be formally documented and approved by appropriate management to maintain audit integrity, accountability, and proper governance over the engagement.

ITA - Information Technology Auditing Certification Practice Test

ITA - Information Technology Auditing Certification Practice Test

ITA Audit Planning & Methodology 3