Exam IIA-CIA-Part1 topic 6 question 66 discussion

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

Question #: 66
Topic #: 6

An internal auditor in a small broadcasting organization was assigned to review the revenue collection process. The auditor discovered that some checks from three customers were never recorded in the organization's financial records. Which of the following documents would be the least useful for the auditor to verify the finding?

A. Bank statements.
B. Customer confirmation letters.
C. Copies of sales invoices.
D. Copies of deposit slips.

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Suggested Answer: D 🗳️

by abdullah01 at July 7, 2024, 9:45 p.m.

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Kozy

1 month ago

Selected Answer: C

C. Copies of sales invoices. Explanation: Sales invoices confirm that sales were made but do not directly verify whether payments (checks) were received or recorded. They are less useful for detecting missing cash receipts compared to bank statements, deposit slips, or customer confirmations.

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abdullah01

1 year ago

B. Customer confirmation letters would be the least useful document for the auditor to verify the finding in this scenario.

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