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Question 668 - IIA-CIA-Part1 discussion

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During an audit of an organization's accounts payable area, an internal auditor identified anomalies in the information examined that may indicate potential fraud. Which test should the auditor perform first to verify this?

A.

Verify the completeness and integrity of the data being analyzed.

Answers
A.

Verify the completeness and integrity of the data being analyzed.

B.

Identify duplicated organizational transactions.

Answers
B.

Identify duplicated organizational transactions.

C.

Analyze all transactions within the targeted area.

Answers
C.

Analyze all transactions within the targeted area.

D.

Check control totals that have may have been falsified.

Answers
D.

Check control totals that have may have been falsified.

Suggested answer: A

Explanation:

Before performing any detailed analysis to identify potential fraud, it is essential to first ensure that the data being analyzed is complete and accurate. This helps to ensure that subsequent tests and analyses are based on reliable information.

Reference:

IIA's International Professional Practices Framework (IPPF) - Standards related to data integrity and reliability.

IIA Standard 2320 - Analysis and Evaluation.

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asked 03/11/2024
James Younger
36 questions
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