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Exam IIA-CIA-Part1 topic 5 question 88 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 88
Topic #: 5
[All IIA-CIA-Part1 Questions]

Which of the following would provide the best evidence of errors in the quantities of items received from suppliers?

  • A. Suppliers' reports of over shipments.
  • B. Warehouse receiving logs.
  • C. Purchase requisitions and purchase orders.
  • D. Observation and inspection of inventory.
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Suggested Answer: B 🗳️
by Tracyhy at Dec. 22, 2020, 8:51 a.m.

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Tracyhy
1 year, 6 months ago
Why not D? Independent check by auditor?
upvoted 2 times
John1237
1 month, 2 weeks ago
Independent control (e.g. at the year end) by an auditor will show the actual quantity, which may also have been falsified. The best evidence of quantities is the one that has been recorded at the time of receipt in the warehouse.
upvoted 1 times
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Tarek77
1 year, 4 months ago
Because the warehouse receiving log will contain only the items which are actually received from supplier as he get the purchase order without quantities, this will be the best evidence of errors in quantities received from suppliers.
upvoted 1 times
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