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Question 130 - IIA-CIA-Part2 discussion

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An internal auditor is asked to review a recently completed renovation to a retail outlet. Which of the following would provide the most reliable evidence that the completed work conformed to the plan?

A.
An interview with the employee who performed the work
Answers
A.
An interview with the employee who performed the work
B.
An analysis of purchasing and receiving documentation
Answers
B.
An analysis of purchasing and receiving documentation
C.
Existence of a signed completion document accepting the work
Answers
C.
Existence of a signed completion document accepting the work
D.
A physical inspection of the retail outlet.
Answers
D.
A physical inspection of the retail outlet.
Suggested answer: D

Explanation:

A physical inspection of the retail outlet would provide the most reliable evidence that the completed renovation work conformed to the plan. This method allows the auditor to directly observe the completed work and compare it with the original plans and specifications, ensuring that the renovation meets the required standards and expectations.

IIA Standards: 2310 - Identifying Information

IIA Practice Guide: Auditing Capital Projects and Construction

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asked 18/09/2024
Musaddiq Shorunke
44 questions
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