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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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According to the MA guidance, which of the following does the engagement work program test in a review of an organizational process?
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An examination of the accounts payable function evidenced multiple findings with respect to segregation of duties. After management's response and action plan are received and documented in the final report, which of the following is most appropriate?
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Question 438 - IIA-CIA-Part2 discussion

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An internal audit activity has to confirm the validity of the activities reported by a grantee that received a charitable contribution from the organization. Which of the following methods would best help meet this objective?

A.
Visiting the grantee to assess whether the execution of the project was in line with the defined grant scope.
Answers
A.
Visiting the grantee to assess whether the execution of the project was in line with the defined grant scope.
B.
Verifying that the grantee's final report is in line with what was depicted in the initial budget request.
Answers
B.
Verifying that the grantee's final report is in line with what was depicted in the initial budget request.
C.
Reconciling general ledger accounts used by management of the area under review for reflecting expenses on charitable contributions.
Answers
C.
Reconciling general ledger accounts used by management of the area under review for reflecting expenses on charitable contributions.
D.
Interviewing employees of the corporate affairs department, which is responsible for charitable activities.
Answers
D.
Interviewing employees of the corporate affairs department, which is responsible for charitable activities.
Suggested answer: A
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asked 18/09/2024
Juan Tovar
38 questions
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