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Wiley CIAexcel Exam Review 2014 Focus Notes: Part 1, Internal Audit Basics by S. Rao Vallabhaneni

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Domain 3

Focus on: Conducting Internal Audit Engagements—Audit Tools and Techniques (28–38%)

DATA-GATHERING TOOLS AND TECHNIQUES

Auditors use several data-gathering tools and techniques to obtain background information on the auditee’s operations, collect audit evidence, and pertinent data for the audit purpose. Either statistical or non-statistical sampling method can be used to collect audit evidence and to control risk. Specific data-gathering tools and techniques include interviews, questionnaires, checklists, focus groups, observations, unobtrusive measures, and anecdotal records.

Interviews

Interviews are of two types: structured and unstructured (i.e., less structured). A structured interview is one in which auditors ask the same questions of numerous individuals or individuals representing numerous organizations in a precise manner, offering each interviewee the same set of possible responses. In contrast, an unstructured interview contains many open-ended questions that are not asked in a structured, precise manner. With unstructured interviews, different auditors interpret questions and often offer different explanations when respondents ask for clarification. The structured interview technique is good to apply in an organization with multiple locations, units, or divisions. The less structured and less guided type of unstructured interview may be more useful to one-of-a-kind interview.

A good preparation for an interview requires several dimensions, such as making sure ...

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