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Exam CISA topic 1 question 1296 discussion

Actual exam question from Isaca's CISA
Question #: 1296
Topic #: 1
[All CISA Questions]

An organization requires any travel and entertainment expenses over $10,000 to be approved by senior management. Which of the following is the MOST effective way to mitigate the risk that employees will split invoices to avoid the approval process?

  • A. Develop computer-assisted audit techniques (CAATs) to check the full year's transactions.
  • B. Adopt a zero-tolerance policy that requires termination of employees who submitted fraudulent claims.
  • C. Establish a whistle-blowing policy that allows employees to report suspicious activity anonymously.
  • D. Review alerts generated from continuous auditing scripts for suspicious claims submitted.
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Suggested Answer: A 🗳️
by Swallows at June 30, 2024, 12:10 p.m.

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PurpleParrot
2 months, 1 week ago
Selected Answer: D
what if the split happens between december and january, option A wont catch that. hence, option D
upvoted 1 times
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Swallows
4 months, 3 weeks ago
Selected Answer: A
Option D has a narrow scope of auditing for invoices that have already been submitted, and cannot effectively prevent the discovery of split travel and entertainment expense claims in real time. Although it is important to always audit for new suspicious claims, there is a limit to how much it can do to prevent invoices that have already been split. Therefore, the most effective method is to use CAAT to audit annual transactions and ensure that travel and entertainment expenses are properly approved.
upvoted 4 times
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C (25%)
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