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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 547 - IIA-CIA-Part1 discussion

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Internal audit is performing an engagement to determine whether there were indications of questionable bidding on a city s infrastructure project. As part of the engagement the internal audit activity became aware that certain firms tend to receive the contracts for large city projects. How should the internal audit activity proceed with the engagement and identify questionable bidding practices?

A.
Obtain the city s vendor listing to determine whether there was an adequate number of firms available to solicit bids for protects
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A.
Obtain the city s vendor listing to determine whether there was an adequate number of firms available to solicit bids for protects
B.
Obtain at of the city s financial records to identify any firms that received payments for contracted goods and services.
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B.
Obtain at of the city s financial records to identify any firms that received payments for contracted goods and services.
C.
Obtain the city's contracting files to determine whether the city demonstrated efforts to solicit bids from various interested firms.
Answers
C.
Obtain the city's contracting files to determine whether the city demonstrated efforts to solicit bids from various interested firms.
D.
Obtain the city's official public meeting minutes to determine whether there were concerns about the contracting practices
Answers
D.
Obtain the city's official public meeting minutes to determine whether there were concerns about the contracting practices
Suggested answer: C
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asked 18/09/2024
Kevin Langthorne
39 questions
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