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Exam CISA topic 1 question 1474 discussion

Actual exam question from Isaca's CISA
Question #: 1474
Topic #: 1
[All CISA Questions]

A review of an organization's balance sheet for material transactions and an application review of the program that produced the balance sheet would use which of the following sampling methods?

  • A. Variable sampling
  • B. Judgmental sampling
  • C. Discovery sampling
  • D. Stop-or-go sampling
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Suggested Answer: A 🗳️

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MIMIBAK
3 weeks, 4 days ago
Selected Answer: A
MAUNAL 28TH EDITION PAGE 62:'An example of variable sampling is a review of an organization’s balance sheet for material transactions and an application review of the program that produced the balance sheet"
upvoted 1 times
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46080f2
8 months, 2 weeks ago
Selected Answer: A
Definitively A. - this question seems to be directly referencing to the variable sampling description in the Manual: From the CISA Ref Manual 27th ed, 1.7.2 Sampling -> Variable Sampling "...An example of variable sampling is a review of an organization’s balance sheet for material transactions and an application review of the program that produced the balance sheet...."
upvoted 2 times
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marc4354345
8 months, 4 weeks ago
Selected Answer: A
Example is taken from CISA Review Manual. It is variable sampling.
upvoted 1 times
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Swallows
9 months ago
Selected Answer: B
Judgmental sampling involves selecting samples based on the auditor's judgment and expertise. It's often used when specific items are of interest or when there's a need to focus on high-risk areas, such as material transactions in a balance sheet or reviewing the functionality of a program. This method allows auditors to target specific areas or transactions they deem most important or risky, which aligns well with the objectives of the described reviews.
upvoted 1 times
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a84n
9 months, 4 weeks ago
Selected Answer: A
Answer: A & B For reviewing the organization's balance sheet for material transactions: Variable sampling or discovery sampling. For conducting an application review of the program that produced the balance sheet: Judgmental sampling.
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Swallows
10 months, 4 weeks ago
Selected Answer: A
It is usually applied to tests of monetary or quantitative amounts and provides evidence of significant misstatements in stated amounts. Variable sampling is used to test account balances.
upvoted 1 times
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