Exam IIA-CIA-Part1 topic 6 question 404 discussion

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

Question #: 404
Topic #: 6

An organization's board received complaints regarding suspicious business dealings involving different departments and asked the internal audit activity to carry out investigations on the complaints. Internal auditors should have a general understanding of which of the following in order to facilitate the investigations?

A. Risk management techniques.
B. Internal controls.
C. Forensic auditing.
D. Corporate governance structures.

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Suggested Answer: C 🗳️

by abdullah01 at July 4, 2024, 3:19 p.m.

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Kozy

1 week ago

Selected Answer: C

When internal auditors are asked to investigate suspicious business dealings, they are stepping into a role that involves detecting potential fraud, misconduct, or illegal activity. Forensic auditing refers to the specialized techniques used to: -Investigate financial irregularities. -Identify fraud schemes or misconduct. -Gather evidence that may support legal proceedings. While internal auditors may not be forensic experts, they should have a general understanding of forensic auditing techniques to effectively conduct or support investigations, ensuring proper evidence handling and professional rigor.

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abdullah01

1 year ago

Selected Answer: C

ternal auditors, when tasked with investigating complaints regarding suspicious business dealings across different departments, should have a general understanding

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