[Nov 21, 2024] IIA IIA-CIA-Part2 Exam Dumps Files, Q1/412: Which of the following procedures would be most helpful in providing additional evidence when an auditor

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Question 1/412

Which of the following procedures would be most helpful in providing additional evidence when an auditor suspects that an unidentified employee is submitting and approving invoices for payment?

A. Select a sample of receiving reports representative of the period under investigation and trace to approved payment. Note any items not properly processed.

B. Select a sample of payments made during the year and investigate each one for approval.

C. Select a sample of invoices paid during the past month and trace them to appropriate vendor accounts.

D. Use generalized audit software to identify invoices from vendors with post office box numbers or other unusual features. Select a sample of those invoices and trace to supporting documents such as receiving reports.

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If an auditor is sampling to test compliance with a particular company policy, which of th...; Q361. A manufacturer is under contract to produce and deliver a number of aircraft to a major ai...; Q362. Which of the following is the most important determinant of the objectives and scope of as...; Q363. An internal auditor is planning to audit the organization's payroll function, which was re...; Q364. According to IIA guidance, which of the following is true regarding the exit conference fo...; Q365. During follow-up, the chief audit executive (CAE) is having a discussion with management a...; Q366. Which of the following would be an appropriate and effective control self-assessment appro...; Q367. Which of the following has the greatest effect on the efficiency of an audit?...; Q368. Because of a new marketing initiative, an organization has reduced requirements for extend...; Q369. When constructing a staffing schedule for the internal audit activity (IAA), which of the ...; Q370. A chief audit executive (CAE) has decided to add an engagement to the current audit plan w...; Q371. Many questionnaires are made up of a series of different questions that use the same respo...; Q372. Upon concluding the engagement fieldwork an internal auditor discusses the audit findings ...; Q373. During a systems development audit, software developers indicated that all programs were m...; Q374. An internal auditor is conducting an assessment of the organization's fraud controls. Whic...; Q375. An internal auditor completed a review of expenses related to the launch of a new project....; Q376. An organization contracted a third party to construct a new facility that was estimated to...; Q377. Which of the following is the primary purpose of financial statement audit engagements?...; Q378. An organization's board would like to establish a formal risk management function and has ...; Q379. Which of the following describes an internal auditor's responsibilities to include audit p...; Q380. An audit of a Web-based third-party payment processor determined that a programming error ...; Q381. The board of directors expressed concerns about potential external risks that could impact...; Q382. An organization's internal auditors are reviewing production costs at a gas-powered electr...; Q383. An organization is expanding into a new line of business selling natural gas. The internal...; Q384. Which of the following audit techniques provides for continuous monitoring and analysis of...; Q385. What is the primary factor that determines the depth and breadth of audit follow-up?...; Q386. The board has asked the internal audit activity (IAA) to be involved in the organization's...; Q387. Access control software on an organization's mainframe computer records detailed informati...; Q388. An organization has an opening for an entry-level internal audit position. When interviewi...; Q389. Company A has a formal comprehensive corporate code of ethics while company B does not. Wh...; Q390. Which of the following data sources would provide the least valid data for an audit of a r...; Q391. A newly appointed chief audit executive (CAE) of a small organization is developing a reso...; Q392. Which of the following actions has the least influence on the chief audit executive's deve...; Q393. Which of the following would not be a typical activity for the chief audit executive to pe...; Q394. CORRECT TEXT A fast-food company is developing a computer simulation involving arrival tim...; Q395. An auditor prepared a workpaper that consisted of a list of employee names and identificat...; Q396. Which of the following would have the least impact (either positive or negative) on an ass...; Q397. The internal audit manager has been delegated the task of preparing the annual internal au...; Q398. The chief audit executive (CAE) of an organization has established an internal audit activ...; Q399. The chief audit executive (CAE) of a multinational entity with highly automated and comple...; Q400. An internal auditor has a recommendation to change operations which could potentially incr...; Q401. An internal auditor is conducting a review of the procurement function and uncovers a pote...; Q402. An internal auditor accessed accounts payable records and extracted data related to fuel p...; Q403. An internal auditor at a bank informed the branch manager of a malfunctioning lock on one ...; Q404. An internal auditor notes that employees continue to violate segregation-of-duty controls ...; Q405. Which of the following reasonably represents best practices regarding what should be the l...; Q406. Which of the following internal control attributes should internal auditors consider testi...; Q407. Which of the following controls in a computerized consumer loan system of a major bank wou...; Q408. Which of the following procedures would provide the best evidence of the effectiveness of ...; Q409. According to the International Professional Practices Framework, the internal audit activi...; Q410. After becoming aware of control weaknesses indicating that a fraud could have been committ...; Q411. An internal auditor is conducting an assessment of the organization's fraud controls. Whic...; Q412. According to the Standards, which of the following is applicable to the internal audit act...

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