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Question 3 : Pre Test CIA 2

Question 3: Audit findings must be based on sufficient, competent, relevant, and useful evidence. A representative sample is more likely to lead to a proper conclusion about a population than is a sample that is not representative of the population.

For more information, refer to Section III, Chapter 1, Topic C

An audit finds that the cost of some materials installed on capital projects has been transferred to the inventory account because the capital budget had been exceeded. Which of the following would be an appropriate technique for the internal audit activity to use to monitor this situation?

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