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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 5 question 347 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 347
Topic #: 5
[All IIA-CIA-Part2 Questions]

During a review of the treasury function, an internal auditor identified a risk that all bank accounts may not be included in the daily reconciliation process. Which of the following responses would be most effective to mitigate this risk?

  • A. The treasury supervisor establishes a threshold for amounts on bank statements to be reconciled against data in the system.
  • B. The treasury analyst performs a daily reconciliation of all bank statements obtained via email against data in the system.
  • C. The treasury analyst reviews a daily report automatically generated by the treasury system, which shows bank statements that have not been uploaded into the accounting system.
  • D. The treasury supervisor seeks an annual confirmation from the bank regarding the quantity of bank statements processed within a year.
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Suggested Answer: C 🗳️
by Elvoo at Oct. 19, 2024, 11:09 a.m.

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Elvoo
3 days, 16 hours ago
WHY NOT B?
upvoted 1 times
...

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