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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 406 - IIA-CIA-Part1 discussion

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During an audit of company expenses, the internal auditor performed a test using data analytics and identified a violation of the company's expenses policy. The auditor who discovered the issue considered it a potential fraudulent transaction and informed the chief financial officer (CFO). The CFO dismissed the concern because he did not understand the data analytics test that was performed and the transaction was of a low value. Given this situation, which skills or competencies should this internal auditor seek to improve?

A.
Skills in evaluating the risk of fraud.
Answers
A.
Skills in evaluating the risk of fraud.
B.
Knowledge of key IT risks and controls
Answers
B.
Knowledge of key IT risks and controls
C.
Soft skills such as communication and negotiation.
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C.
Soft skills such as communication and negotiation.
D.
Knowledge and understanding of the company's expenses policy
Answers
D.
Knowledge and understanding of the company's expenses policy
Suggested answer: C
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asked 18/09/2024
Gbena Wale
32 questions
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