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Question 165 - IIA-CIA-Part2 discussion

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An internal auditor was reviewing the procurement department's tender documentation for completeness He documented all discrepancies but the procurement manager disagreed with his findings Upon further review, the internal auditor noted that all discrepancies had been corrected in the tender database. Which of the following courses of action would have prevented this situation?

A.
The auditor should have ensured the preservation of audit evidence by taking screenshots or extracting tender documents
Answers
A.
The auditor should have ensured the preservation of audit evidence by taking screenshots or extracting tender documents
B.
The auditor should have extracted a list of logs and identified any actions that were executed in the database during the audit
Answers
B.
The auditor should have extracted a list of logs and identified any actions that were executed in the database during the audit
C.
The auditor should have instructed procurement workers that changes to the database during the course of the audit were strictly forbidden
Answers
C.
The auditor should have instructed procurement workers that changes to the database during the course of the audit were strictly forbidden
D.
The internal auditor should have created a more thorough work program, which would address audit criteria and potential causes in more detail
Answers
D.
The internal auditor should have created a more thorough work program, which would address audit criteria and potential causes in more detail
Suggested answer: A

Explanation:

To prevent the situation where discrepancies identified by the auditor are corrected after being noted, it is essential to preserve the audit evidence. Taking screenshots or extracting tender documents would provide a permanent record of the discrepancies, ensuring that any subsequent changes do not invalidate the auditor's findings. This practice is crucial for maintaining the integrity of the audit evidence and supporting the audit conclusions. Option B is related but not as direct as preserving primary evidence. Options C and D do not address the preservation of evidence effectively.

Reference: The IIA's International Standards for the Professional Practice of Internal Auditing, Standard 2310 - Identifying Information.

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asked 18/09/2024
Jag Patel
29 questions
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