IIA IIA-CHAL-QISA Exam With Confidence Using Practice Dumps

The statistical model indicates that daily sales have a direct relationship with the cost of ingredients used and an inverse relationship with rainy days.

Option A: On a rainy day, if total sales are greater than expected compared to the cost of ingredients used, it may indicate discrepancies that could be a sign of employee theft. For instance, if ingredients are used but not reflected in the sales, it suggests that items might be missing (stolen).

Option B: On a sunny day, lower-than-expected sales compared to the cost of ingredients could indicate wastage but not necessarily theft.

Option C and D: Both scenarios where total sales and the cost of ingredients are higher or lower than expected do not specifically point to theft without additional context​​.

The statistical model indicates that daily sales have a direct relationship with the cost of ingredients used and an inverse relationship with rainy days.

Option A: On a rainy day, if total sales are greater than expected compared to the cost of ingredients used, it may indicate discrepancies that could be a sign of employee theft. For instance, if ingredients are used but not reflected in the sales, it suggests that items might be missing (stolen).

Option B: On a sunny day, lower-than-expected sales compared to the cost of ingredients could indicate wastage but not necessarily theft.

Option C and D: Both scenarios where total sales and the cost of ingredients are higher or lower than expected do not specifically point to theft without additional context​​.

Introduction:

Assurance engagements require internal auditors to maintain objectivity and avoid conflicts of interest.

Role of Internal Auditors in Assurance Engagements:

They must remain independent and not take on roles that could compromise their impartiality.

Options Analysis:

Option A: Determining the objectives, scope, and techniques can be part of their role but does not define an assurance engagement specifically.

Option B: The CAE obtaining skills or competencies personally is not a standard requirement for assurance engagements.

Option C: Not assuming management responsibilities is crucial to maintain independence and objectivity during assurance engagements.

Option D: While maintaining objectivity is important, it is not the distinguishing feature of being assigned to an assurance engagement.

Conclusion:

The key requirement indicating an internal auditor was assigned to an assurance engagement is that they must not assume management responsibilities during the engagement.