Exam IIA-CIA-Part2 topic 5 question 382 discussion

Actual exam question from IIA's IIA-CIA-Part2

Question #: 382
Topic #: 5

An internal auditor reviews vendor invoices for accuracy. The auditor identifies an instance where a vendor was overpaid. The accounts payable manager explained that a debit note was later issued against the vendor and the overpayment was recovered. The auditor confirmed the amount recovered was accurate. Which of the following techniques did the auditor use?

A. Observation.
B. Inspection.
C. Vouching.
D. Tracing.

Show Suggested Answer

Suggested Answer: B 🗳️

by emtofid at Sept. 18, 2024, 5:15 p.m.

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Elvoo

1 month, 2 weeks ago

Selected Answer: B

ITS' B. Inspection involves examining documents or records to obtain evidence. In this case, the auditor reviewed vendor invoices and verified the accuracy of the recovery by confirming the amount that was recovered through a debit note.

upvoted 1 times

emtofid

2 weeks, 6 days ago

the term is vouching, he vouched the invoice by moving backwards to supporting documents like Purchase Orders or Requisitions.

upvoted 1 times

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Elvoo

1 month, 2 weeks ago

No sorry I think C is the right answer.

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emtofid

2 months, 2 weeks ago

Selected Answer: C

Vouching involves reviewing and verifying documents (like invoices and debit notes) to confirm the accuracy of transactions.

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