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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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How can an Internal audit activity contribute to Its organization's risk assessment process?

Question 524 - IIA-CIA-Part1 discussion

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An electric company hires several independent contractors to trim trees that are in close proximity to electricity lines. Which of the following would be the most effective control to mitigate the risk of contractors submitting fraudulent invoices regarding work completed?

A.
Require contractors to submit completed and signed work acceptance sheets
Answers
A.
Require contractors to submit completed and signed work acceptance sheets
B.
Utilize unmanned drones to conduct regular flights and photo shoots over the areas where work is performed
Answers
B.
Utilize unmanned drones to conduct regular flights and photo shoots over the areas where work is performed
C.
Reconcile invoices and work acceptance sheets submitted by contractors
Answers
C.
Reconcile invoices and work acceptance sheets submitted by contractors
D.
Compare actual payments to contractors with budgeted values and analyze discrepancies
Answers
D.
Compare actual payments to contractors with budgeted values and analyze discrepancies
Suggested answer: C
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asked 18/09/2024
rita whitfield
38 questions
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