Multiple-choice questions and answers on Evidence Collection and Evidence Evaluation in Information Technology Audit:
1. What is the primary purpose of evidence collection in an IT audit?
A) To identify control weaknesses
B) To evaluate the effectiveness of controls
C) To gather data to support audit findings
D) To provide recommendations for improvement
Answer: C) To gather data to support audit findings
1. Which of the following is a type of evidence that can be collected during an IT audit?
A) Testimony
B) Documentary evidence
C) Physical evidence
D) All of the above
Answer: D) All of the above
1. What is the difference between sufficiency and relevance of evidence in an IT audit?
A) Sufficiency refers to the quantity of evidence, while relevance refers to the quality of evidence
B) Sufficiency refers to the quality of evidence, while relevance refers to the quantity of evidence
C) Sufficiency refers to the reliability of evidence, while relevance refers to the usefulness of evidence
D) Sufficiency refers to the usefulness of evidence, while relevance refers to the reliability of evidence
Answer: A) Sufficiency refers to the quantity of evidence, while relevance refers to the quality of evidence
1. Which of the following is a characteristic of reliable evidence in an IT audit?
A) It is obtained from an independent source
B) It is based on hearsay
C) It is outdated
D) It is biased
Answer: A) It is obtained from an independent source
1. What is the purpose of evaluating evidence in an IT audit?
A) To determine the reliability of the evidence
B) To determine the sufficiency of the evidence
C) To draw conclusions based on the evidence
D) All of the above
Answer: D) All of the above
Questions 6-10
1. Which of the following is a type of evidence evaluation technique used in IT audits?
A) Analytical procedures
B) Test of transactions
C) Test of controls
D) All of the above
Answer: D) All of the above
1. What is the purpose of using analytical procedures in evidence evaluation?
A) To test the operating effectiveness of controls
B) To test the design effectiveness of controls
C) To identify unusual transactions or trends
D) To provide assurance on the accuracy of financial statements
Answer: C) To identify unusual transactions or trends
1. Which of the following is a characteristic of effective evidence evaluation in an IT audit?
A) It is based on a thorough understanding of the business processes
B) It is based on a thorough understanding of the IT systems
C) It is based on a thorough understanding of the audit objectives
D) All of the above
Answer: D) All of the above
1. What is the purpose of documenting evidence evaluation results in an IT audit?
A) To provide a clear understanding of the audit findings
B) To provide a clear understanding of the audit procedures
C) To provide a clear understanding of the audit objectives
D) To provide a clear understanding of the audit scope
Answer: A) To provide a clear understanding of the audit findings
1. Which of the following is a benefit of effective evidence evaluation in an IT audit?
A) It increases the risk of audit failure
B) It decreases the risk of audit failure
C) It increases the cost of the audit
D) It decreases the cost of the audit
Answer: B) It decreases the risk of audit failure
1. What is the purpose of using a risk-based approach to evidence collection in an IT audit?
A) To reduce the risk of audit failure
B) To increase the efficiency of the audit
C) To increase the effectiveness of the audit
D) All of the above
Answer: D) All of the above
1. Which of the following is a factor to consider when determining the sufficiency of evidence in an IT audit?
A) The reliability of the evidence
B) The relevance of the evidence
C) The quantity of the evidence
D) All of the above
Answer: D) All of the above
1. What is the purpose of using a sampling approach to evidence collection in an IT audit?
A) To reduce the cost of the audit
B) To increase the efficiency of the audit
C) To increase the effectiveness of the audit
D) All of the above
Answer: D) All of the above
1. Which of the following is a characteristic of reliable evidence in an IT audit?
A) It is obtained from a dependent source
B) It is based on hearsay
C) It is outdated
D) It is obtained from an independent source
Answer: D) It is obtained from an independent source
1. What is the purpose of evaluating the relevance of evidence in an IT audit?
A) To determine the reliability of the evidence
B) To determine the sufficiency of the evidence
C) To determine the usefulness of the evidence
D) To determine the competence of the evidence
Answer: C) To determine the usefulness of the evidence
1. Which of the following is a type of evidence that can be collected during an IT audit?
A) Documentary evidence
B) Testimony
C) Physical evidence
D) All of the above
Answer: D) All of the above
1. What is the purpose of documenting evidence collection procedures in an IT audit?
A) To provide a clear understanding of the audit findings
B) To provide a clear understanding of the audit procedures
C) To provide a clear understanding of the audit objectives
D) To provide a clear understanding of the audit scope
Answer: B) To provide a clear understanding of the audit procedures
1. Which of the following is a characteristic of effective evidence collection in an IT audit?
A) It is based on a thorough understanding of the business processes
B) It is based on a thorough understanding of the IT systems
C) It is based on a thorough understanding of the audit objectives
D) All of the above
Answer: D) All of the above
1. What is the purpose of evaluating the sufficiency of evidence in an IT audit?
A) To determine the reliability of the evidence
B) To determine the relevance of the evidence
C) To determine the quantity of the evidence
D) To determine the competence of the evidence
Answer: C) To determine the quantity of the evidence
1. Which of the following is a type of evidence evaluation technique used in IT audits?
A) Analytical procedures
B) Test of transactions
C) Test of controls
D) All of the above
Answer: D) All of the above
1. What is the purpose of using analytical procedures in evidence evaluation?
A) To test the operating effectiveness of controls
B) To test the design effectiveness of controls
C) To identify unusual transactions or trends
D) To provide assurance on the accuracy of financial statements
Answer: C) To identify unusual transactions or trends
1. Which of the following is a characteristic of effective evidence evaluation in an IT audit?
A) It is based on a thorough understanding of the business processes
B) It is based on a thorough understanding of the IT systems
C) It is based on a thorough understanding of the audit objectives
D) All of the above
Answer: D) All of the above
1. What is the purpose of documenting evidence evaluation results in an IT audit?
A) To provide a clear understanding of the audit findings
B) To provide a clear understanding of the audit procedures
C) To provide a clear understanding of the audit objectives
D) To provide a clear understanding of the audit scope
Answer: A) To provide a clear understanding of the audit findings
1. Which of the following is a benefit of effective evidence evaluation in an IT audit?
A) It increases the risk of audit failure
B) It decreases the risk of audit failure
C) It increases the cost of the audit
D) It decreases the cost of the audit
Answer: B) It decreases the risk of audit failure
1. What is the purpose of using a risk-based approach to evidence collection in an IT audit?
A) To reduce the risk of audit failure
B) To increase the efficiency of the audit
C) To increase the effectiveness of the audit
D) All of the above
Answer: D) All of the above
1. Which of the following is a factor to consider when determining the sufficiency of evidence in an IT audit?
A) The reliability of the evidence
B) The relevance of the evidence
C) The quantity of the evidence
D) All of the above
Answer: D) All of the above
1. What is the purpose of using a sampling approach to evidence collection in an IT audit?
A) To reduce the cost of the audit
B) To increase the efficiency of the audit
C) To increase the effectiveness of the audit
D) All of the above
Answer: D) All of the above
1. Which of the following is a characteristic of reliable evidence in an IT audit?
A) It is obtained from a dependent source
B) It is based on hearsay
C) It is outdated
D) It is obtained from an independent source
Answer: D) It is obtained from an independent source
1. What is the purpose of evaluating the credibility of evidence in an IT audit?
A) To determine the reliability of the evidence
B) To determine the sufficiency of the evidence
C) To determine the relevance of the evidence
D) To determine the credibility of the evidence
Answer: D) To determine the credibility of the evidence
1. Which of the following is a type of evidence that can be collected during an IT audit?
A) Documentary evidence
B) Testimony
C) Physical evidence
D) All of the above
Answer: D) All of the above
1. What is the purpose of documenting evidence collection procedures in an IT audit?
A) To provide a clear understanding of the audit findings
B) To provide a clear understanding of the audit procedures
C) To provide a clear understanding of the audit objectives
D) To provide a clear understanding of the audit scope
Answer: B) To provide a clear understanding of the audit procedures
1. Which of the following is a characteristic of effective evidence collection in an IT audit?
A) It is based on a thorough understanding of the business processes
B) It is based on a thorough understanding of the IT systems
C) It is based on a thorough understanding of the audit objectives
D) All of the above
Answer: D) All of the above
1. What is the purpose of evaluating the sufficiency of evidence in an IT audit?
A) To determine the reliability of the evidence
B) To determine the relevance of the evidence
C) To determine the quantity of the evidence
D) To determine the competence of the evidence
Answer: C) To determine the quantity of the evidence
1. Which of the following is a type of evidence evaluation technique used in IT audits?
A) Analytical procedures
B) Test of transactions
C) Test of controls
D) All of the above
Answer: D) All of the above
1. What is the purpose of using analytical procedures in evidence evaluation?
A) To test the operating effectiveness of controls
B) To test the design effectiveness of controls
C) To identify unusual transactions or trends
D) To provide assurance on the accuracy of financial statements
Answer: C) To identify unusual transactions or trends
1. Which of the following is a characteristic of effective evidence evaluation in an IT audit?
A) It is based on a thorough understanding of the business processes
B) It is based on a thorough understanding of the IT systems
C) It is based on a thorough understanding of the audit objectives
D) All of the above
Answer: D) All of the above
1. What is the purpose of documenting evidence evaluation results in an IT audit?
A) To provide a clear understanding of the audit findings
B) To provide a clear understanding of the audit procedures
C) To provide a clear understanding of the audit objectives
D) To provide a clear understanding of the audit scope
Answer: A) To provide a clear understanding of the audit findings
1. Which of the following is a benefit of effective evidence evaluation in an IT audit?
A) It increases the risk of audit failure
B) It decreases the risk of audit failure
C) It increases the cost of the audit
D) It decreases the cost of the audit
Answer: B) It decreases the risk of audit failure
1. What is the purpose of using a risk-based approach to evidence collection in an IT audit?
A) To reduce the risk of audit failure
B) To increase the efficiency of the audit
C) To increase the effectiveness of the audit
D) All of the above
Answer: D) All of the above
1. Which of the following is a factor to consider when determining the sufficiency of evidence in an IT audit?
A) The reliability of the evidence
B) The relevance of the evidence
C) The quantity of the evidence
D) All of the above
Answer: D) All of the above
1. What is the purpose of using a sampling approach to evidence collection in an IT audit?
A) To reduce the cost of the audit
B) To increase the efficiency of the audit
C) To increase the effectiveness of the audit
D) All of the above
Answer: D) All of the above
1. Which of the following is a characteristic of reliable evidence in an IT audit?
A) It is obtained from a dependent source
B) It is based on hearsay
C) It is outdated
D) It is obtained from an independent source
Answer: D) It is obtained from an independent source
1. What is the purpose of evaluating the competence of evidence in an IT audit?
A) To determine the reliability of the evidence
B) To determine the sufficiency of the evidence
C) To determine the relevance of the evidence
D) To determine
0 Comments