Exam IIA-CIA-Part2 topic 1 question 87 discussion

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

Question #: 87
Topic #: 1

An audit department has received anonymous information that an employee has allegedly been able to steal and cash checks sent to the organization by customers. What is the most efficient way for an auditor to determine how this type of fraud could occur and who might be the perpetrator?

A. Confirm accounts receivable.
B. Confirm accounts payable.
C. Review the endorsements and banks of deposit on customers' canceled checks.
D. Flowchart and analyze key controls in the cash receipts process.

Show Suggested Answer

Suggested Answer: D 🗳️

by Anu123_ at April 18, 2019, 3:17 p.m.

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POKLA

Highly Voted 2 years, 3 months ago

Option D is the correct answer because flowcharts assist in determining how roles and responsibilities are allocated and if there is proper segregation of duties.

upvoted 7 times

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Sangy_jo

Most Recent 10 months, 3 weeks ago

why not C

upvoted 1 times

John1237

4 months ago

Why not C... Because stolen checks may not be available.

upvoted 1 times

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Anu123_

3 years, 1 month ago

Can I have the explanation for the answer opted

upvoted 3 times

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