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An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
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Question 289 - IIA-CIA-Part1 discussion

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Which of the following types of fraud tests would be most effective if an internal auditor was looking for possible fictitious vendors?

A.
Checking for invoice amounts that do not match that of the purchase order.
Answers
A.
Checking for invoice amounts that do not match that of the purchase order.
B.
Searching for identical invoice numbers and payment amounts.
Answers
B.
Searching for identical invoice numbers and payment amounts.
C.
Running checks to uncover post office box addresses matching employee addresses.
Answers
C.
Running checks to uncover post office box addresses matching employee addresses.
D.
Comparing prices across vendors to see whether one vendor is unreasonably high.
Answers
D.
Comparing prices across vendors to see whether one vendor is unreasonably high.
Suggested answer: A
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asked 18/09/2024
Duncan Brundseaux
41 questions
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