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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 5 question 333 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 333
Topic #: 5
[All IIA-CIA-Part2 Questions]

An internal audit team was conducting an assurance engagement to review segregation of duties in the purchasing function. The internal auditors reviewed a sample of purchase orders from the past two years and discovered that 2 percent were signed by employees who were operating in a designated acting capacity due to employee absences. According to IIA guidance, which of the following attributes of information would most likely assist the auditors in deciding whether to report this finding?

  • A. Sufficiency.
  • B. Reliability.
  • C. Relevance.
  • D. Usefulness.
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Suggested Answer: C 🗳️

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emtofid
5 months, 2 weeks ago
Selected Answer: C
Relevance refers to the extent to which the information pertains to the audit objectives and is useful for forming conclusions or recommendations. In this case, the finding about purchase orders being signed by employees in an acting capacity is relevant because it relates to the segregation of duties, a critical internal control component.
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