Exam IIA-CIA-Part1 topic 6 question 112 discussion

Actual exam question from IIA's IIA-CIA-Part1

Question #: 112
Topic #: 6

The internal audit activity is responsible for conducting fraud investigations. A potential fraud instance was identified during an audit engagement. The chief audit executive appoints a lead investigator. Which of the following would most likely be the next step?

A. Ask internal auditors to gather all relevant information and evidence.
B. Identify and interview witnesses first and potential suspects later.
C. Conduct a fraud risk assessment to identify the most vulnerable areas.
D. Determine the competencies needed and assess whether team members have a conflict of interest.

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Suggested Answer: D 🗳️

by Elvoo at June 16, 2024, 6:38 p.m.

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Kozy

1 week ago

Selected Answer: D

When a fraud investigation is initiated, the first critical step after appointing a lead investigator is to: Determine the necessary skills and competencies required to conduct the investigation effectively. Assess whether assigned team members have any conflicts of interest, which could impair their objectivity or credibility. This aligns with IIA Standards and good investigative practice, ensuring the investigation is properly resourced and free from bias or impairments.

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Elvoo

11 months, 2 weeks ago

Selected Answer: D

Should be D

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Elvoo

1 year ago

Why B?

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