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Exam IIA-CIA-Part2 topic 5 question 375 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 375
Topic #: 5
[All IIA-CIA-Part2 Questions]

An internal audit activity is performing an assurance engagement of a shipping organization's billing process. During the early stages of the engagement, the internal audit activity identifies potential high-risk deficiencies in billing transactions with certain vendors. The internal audit activity believes these deficiencies should be communicated to senior management. Which of the following would the internal audit activity include in its preliminary communication to senior management?

  • A. An action plan for senior management to immediately implement to address deficiencies.
  • B. Convers of fraud associated with the questionable billings.
  • C. A list of the identified billing transactions with deficiencies and the associated vendors.
  • D. Notification of the completion of fieldwork and the preparation of the final report.
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Suggested Answer: C 🗳️

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emtofid
4 months, 2 weeks ago
Selected Answer: C
Auditor does not have enough info to indicate fraud. i think Answer is C
upvoted 4 times
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