Exam IIA-CIA-Part2 All QuestionsBrowse all questions from this exam
Question 287

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?

    Correct Answer: D

    Discovery sampling is particularly useful when looking for instances of fraud or deviations from required procedures, such as granting loans without required collateral. It is designed to detect at least one error if the error rate in the population is at or above a certain level, making it the most effective choice for investigating the auditor's suspicion.

Discussion
8aaab27Option: D

D ofcourse