CISA Questions & 100% Correct Answers

5 Tasks within the domain covering the process of auditing information systems :~~ 1. Develop and implement a risk-based IT audit strategy in compliance with IT audit standards to ensure that key areas are included 2. Plan specific audits to determine whether information systems are protected, controlled and provided value to the organization 3. Conduct audits in accordance with IT audit standards to achieve planned audit objectives 4. Report audit findings and make recommendations to key stakeholders to communicate results and effect change when necessary 5. Conduct follow ups or prepare status reports to ensure that appropriate actions have been taken by management in a timely manner 10 Knowledge Statements within the domain covering the process of auditing information systems :~~ Knowledge of... 1. ISACA IT Audit and Assurance standards, guidelines, and tools and techniques; code of professional ethics; and other applicable standards 2. risk assessment concepts, tools and techniques in an audit context 3. control objects and controls related to information systems 2 | P a g e | © copyright 2024/2025 | Grade A+ Master01 | September, 2024/2025 | Latest update 4. audit planning and audit project management techniques, including follow up 5. fundamental business processes (purchasing, payrolls, accounts payable, accounts receivable) including relevant IT 6. applicable laws and regulations that affect the sopce, evidence collection and preservation, and frequency of audits 7. evidence collection techniques (observation, inquiry, inspectation) 8. different sampling methodologies 9. reporting and communication techniques (faciliatation, negotiation, conflict resolution,) 10. Audit quality assurance systems and frameworks Knowledge Statement 1: Knowledge of the ISACA IT audit and assurance standards, guidelines, and tools and techniques; Code of professional ethics; and other applicable standards... what are the key concepts and explanation :~~ Key Concepts: Code of Professional ethics and IS audit and assurance standards, guidelines, and tools and techniques explanation: these standards and rules are issued to provide a framework of minimum and essential references regarding how an IS audit should perform work and act in a professional manner 3 | P a g e | © copyright 2024/2025 | Grade A+ Master01 | September, 2024/2025 | Latest update Knowledge Statement 2: Knowledge of risk assessment concepts, tools and techniques in an audit context.. what are the key concepts and explanation :~~ Key Concepts: impact of risks assessment on IS auditing, understanding risks analysis concepts within an auditing context, applying risk analysis techniques during audit planning explanation: overall, the audit plan should be based on business risks related to the use of IT and the IS audit should be aware of the need to focus on this risk. The auditing should be able to put into the practice the risk techniques needed to identify and prioritize business risks within audit scope. The IS auditor must takes steps to minimize associated elements such as sampling risk, detection risks, materially of findings Knowledge Statement 3: Knowledge of control objectives and controls related to Information systems.. what are the key concepts and explanation :~~ Key concepts: proper auditing planning techniques, understanding control objectives Explanation: understanding control objectives and identifying the key controls that help achieve a properly controlled environment are essential for the effectiveness and efficiency of the IS audit process. 4 | P a g e | © copyright 2024/2025 | Grade A+ Master01 | September, 2024/2025 | Latest update Knowledge Statement 4: Knowledge of audit planning and audit project management techinques, including follow up.. what are the key concepts and explanation :~~ Key concepts: application of audit planning techniques, and impact of IS environment on IS auditing practices and techniques explanation: audit planning request a similar level of preplanning to ensure an appropriate and efficient use of audit resources.. auditors need to understand the planning and management techniques to properly management the audit and avoid an inefficient utilization of resources Knowledge Statement 5: Knowledge of Fundamental business processes (purchasing, payroll, accounts payable, accounts receivable) including relevant IT...what are the key concepts and explanation :~~ Key concepts: understanding risk analysis concepts within an auditing context, understanding control objectives Explanation: one must understanding the external and internal factors affecting the entity, the entities selection and application of policies and procedures. One must also obtain an understanding of some key components such as the entities strategic management, business model, and corporate governance processes and the kinds of transactions the entity engages in and with whom it transact. 5 | P a g e | © copyright 2024/2025 | Grade A+ Master01 | September, 2024/2025 | Latest update Knowledge Statement 6: Knowledge of applicable laws and regulations that affect the scope, evidence collection and preservation, and frequency of audits....what are the key concepts and explanation :~~ Key concepts: Factors to consider in collection, protection and chain of custody of audit evidence in an IS audit, special considerations in audit documentation for evidence Explanation: laws and regulations often determine scope, frequency, and types of audits, and how reporting requirements are affected Knowledge Statement 7: Knowledge of evidence collection techniques (observation, inquiry, inspections) used to gather, protect and preserve audit evidence....what are the key concepts and explanation :~~ Key Concepts: Application and relative value of computer - assisted audit techniques, techniques for obtaining evidence, computer-assisted audit techniques, factors to consider in collection, protestation and chain of custody of audit evidence in an IS audit, specialized considerations in audit document for evidence, continues auditing techniques Explanation: findings must be supported by objective evidence. Care should be taken for any evidence that is preserved as a hard copy. Retention policies for electronic evidence be sufficient to preserve evidence that supports the findings. conclusions should be supported by reliable and relevant evidence. Evidence 6 | P a