IIA-IAP Exam Dumps

Comprehensive and Detailed Step-by-Step Explanation:

Trend Analysis: This involves comparing data across different periods to identify patterns, fluctuations, or anomalies. Comparing the current average cost per employee to prior periods' data is a clear example of trend analysis.

Other Options:

Option A: The mean of actual salary amounts is a statistical calculation, not a trend analysis.

Option C: Comparing to another organization's budget is benchmarking, not trend analysis.

Thus, the correct answer is B. Similar data for the department from two prior periods.

Comprehensive and Detailed Step-by-Step Explanation:

Control of Goods: The control of goods is generally considered part of inventory management or logistics, not the purchasing process. The purchasing process typically ends with the receipt of goods or services and ensuring appropriate payments.

Other Options:

Authorization of Requisitions: Within scope, as it is directly related to the initiation of the purchasing process.

Matching Goods Received to Requisitions: Part of the purchasing process audit scope to ensure accurate and legitimate transactions.

Thus, the correct answer is B. Control of Goods.

Comprehensive and Detailed Step-by-Step Explanation:

Preliminary Survey Purpose: The survey is conducted to gather sufficient information to understand the process, environment, and related risks. This understanding serves as a foundation for planning the engagement.

Other Options:

Option A: Developing a risk and control matrix is a subsequent step after understanding the process.

Option C: Determining the purpose of the engagement is established before conducting the survey.

Thus, the correct answer is B.

Comprehensive and Detailed Step-by-Step Explanation:

Opportunity Element: This element of the Fraud Triangle refers to situations where weaknesses in controls provide the ability for someone to commit fraud without being detected. Poor segregation of duties, as described in Option C, creates such opportunities.

Example: Allowing an executive assistant to authorize payments without oversight significantly increases the risk of fraud.

Other Options:

Option A: This describes potential pressure rather than opportunity.

Option B: This describes setting challenging performance objectives, which could lead to rationalization or pressure but not directly opportunity.

Thus, the correct answer is C.

Comprehensive and Detailed Step-by-Step Explanation:

Engagement Work Program: A structured plan detailing the steps to achieve engagement objectives. The program typically includes planning activities, objectives, and preliminary risk assessments to guide the audit.

Other Options:

Option B: Fieldwork and testing are performed during the execution phase but are not part of the program's creation.

Option C: Opinions and final communications are outputs of the audit, not components of the work program.

Thus, the correct answer is A.