Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing — Question 51

When using data analytics during a review of the procurement process, what is the first step in the analysis process?

Answer options

• A. Identify data anomalies and outliers.
• B. Define questions to be answered.
• C. Identify data sources available.
• D. Determine the scope of the data extract.

Correct answer: B

Explanation

The correct answer is B because defining questions to be answered is crucial to guide the analysis process. This step ensures that the analysis stays focused and relevant. The other options, while important, come after the questions are established as they depend on the specific queries being addressed.