Exam IIA-CIA-Part2 topic 5 question 487 discussion

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

Question #: 487
Topic #: 5

An internal auditor is conducting a walk-through of the accounts payable process. The auditor wants to assess the extent of the completeness of debts to suppliers as recorded in the ledger. Which of the following techniques would be most appropriate?

A. Tracing randomly selected vendor invoices to the record in the general ledger.
B. Confirming with the main customers that the amount owed matches the ledger’s recorded amounts.
C. Vouching a statistical sample of vendor invoices recorded in the general ledger.
D. Using analytical techniques to establish expectations of what should be recorded for vendors.

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Suggested Answer: A 🗳️

by Kozy at July 25, 2025, 6:37 p.m.

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Kozy

1 week ago

Selected Answer: D

D. Using analytical techniques to establish expectations of what should be recorded for vendors Best answer for completeness. This helps the auditor develop an expectation of what should be recorded based on historical data, trends, or external benchmarks. Then compare that to actual balances to identify potential omissions. This technique is especially useful in high-volume environments like payables.

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