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Exam IIA-CIA-Part2 topic 5 question 172 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 172
Topic #: 5
[All IIA-CIA-Part2 Questions]

As part of the preliminary survey, an internal auditor sent an internal control questionnaire to the accounts payable function. Based on the questionnaire responses, the auditor determines that there is no established procedure for adding and approving new vendors. What would the auditor do next?

  • A. Determine that this situation is acceptable and focus on more significant issues.
  • B. Document the issue in the draft audit report.
  • C. Document the observation for further follow up when testing the operating effectiveness of controls.
  • D. Interview the personnel associated with this observation.
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Suggested Answer: C 🗳️
by 8aaab27 at July 17, 2024, 9:09 p.m.

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8aaab27
9 months, 2 weeks ago
Selected Answer: C
Interviewing personnel may be necessary later to gather more information, but the initial step after identifying the lack of procedures would be to document it and plan for further testing to understand the root cause and impact.
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