ExamTopics Logo
Mail Us[email protected]
Menu
Iia Discussions
exam questions

Exam IIA-CIA-Part2 All Questions

View all questions & answers for the IIA-CIA-Part2 exam
Go to Exam

Exam IIA-CIA-Part2 topic 5 question 308 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 308
Topic #: 5
[All IIA-CIA-Part2 Questions]

An internal auditor wanted to determine whether the organization's 200 employees are charging their work hours accurately to the correct project The internal auditor selected a sample of 30 employee time reports for testing. Based on the testing, the internal auditor determined the following:

- 5 time reports were incorrect.
- 21 time reports were correct.
- 4 time reports were not supported.

Which of the following conclusions is appropriate?

  • A. The organization has significant flaws in its reporting of employee time, which could lead to the overstatement of project labor costs. The organization's failure to report accurate and complete employee time could lead to potential fraud and abuse.
  • B. The organization needs to ensure that all reporting of employee time is accurate and complete for each of its projects. By doing so, the organization can minimize potential issues related to overstating employee times and labor project costs.
  • C. The organization overstated project costs due to inaccurate and incomplete reporting of employee time charged to the affected accounts. As a result, the organization cannot ensure all projects costs are accurately reported to stakeholders.
  • D. The organization generally ensured that employee hours charged to each project were accurate and complete. However, there were instances of employee time reports that were incorrect or not supported to justify the multiple project labor costs.
Show Suggested Answer Hide Answer
Suggested Answer: D 🗳️
by emtofid at Sept. 13, 2024, 6:39 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
emtofid
5 months, 3 weeks ago
Selected Answer: D
Answer should be D
upvoted 3 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago