ExamTopics Logo
Mail Us[email protected]
Menu
Iia Discussions
exam questions

Exam IIA-CIA-Part1 All Questions

View all questions & answers for the IIA-CIA-Part1 exam
Go to Exam

Exam IIA-CIA-Part1 topic 6 question 238 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 238
Topic #: 6
[All IIA-CIA-Part1 Questions]

Management has implemented a segregation-of-duties policy for handling inventory. Which of the following fraud risks would be more concerning to an internal auditor following the implementation of this new policy?

  • A. The risk of collusion between parties.
  • B. The risk of falsified reconciliations.
  • C. The risk of low-liquidity inventory.
  • D. The risk of damages to the inventory.
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
by Elvoo at Aug. 31, 2024, 5:06 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Kozy
4 weeks, 1 day ago
Selected Answer: A
Segregation of duties (SoD) is a key internal control designed to prevent fraud by ensuring no single individual has control over all aspects of a transaction. However, collusion, where two or more employees conspire to bypass SoD controls, remains a significant fraud risk even after SoD policies are implemented. Collusion can override SoD protections, making it a primary concern for internal auditors after SoD is established.
upvoted 1 times
...
Elvoo
11 months, 1 week ago
Shouldn't the right answer be A?
upvoted 4 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel