Exam IIA-CIA-Part2 topic 5 question 214 discussion

Actual exam question from IIA's IIA-CIA-Part2

Question #: 214
Topic #: 5

An internal auditor accessed accounts payable records and extracted data related to fuel purchased for the organization’s vehicles. As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates. She then performed other tests. Based on the auditor’s actions, which of the following is most likely the objective of this engagement?

A. To identify whether fuel was purchased for work-related purposes.
B. To estimate future fuel costs for the organization’s fleet of vehicles.
C. To determine trends in average fuel consumption by vehicle.
D. To determine whether the organization is paying more than the industry average for fuel.

Show Suggested Answer

Suggested Answer: A 🗳️

by 8aaab27 at July 19, 2024, 3:33 p.m.

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emtofid

10 months, 3 weeks ago

Selected Answer: A

The auditor's actions, particularly sorting data by vehicle and identifying refueling instances on the same or sequential dates, suggest that the objective is to identify potential misuse or fraud, such as personal use of fuel that should be work-related.

upvoted 3 times

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8aaab27

1 year ago

Selected Answer: C

C is correct

upvoted 2 times

Kozy

1 week, 3 days ago

Fuel consumption trends require analyzing quantity and distance metrics, not just dates and frequency.

upvoted 1 times

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