CIMA Exam CIMAPRO19-P03-1 Topic 1 Question 82 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 82
Topic #: 1

C is an accounts clerKwho is supposed to sign each invoice as evidence that she has conducted checks against supporting documents Sometimes C signs invoices without making these checks

D is a member of the internal audit team He has been told to conduct compliance tests on whether C is checking the invoices property

Which of the following would grve D a false sense of assurance that C's checks have been in operation?

Select ALL that appry

AD reviewed a sample of invoices for purchases of plant and equipment and found that C had not signed them C explained that she believed that those were authonsed by someone else although the accounts manual indicates that it was her responsibility

Basked C a series of open-ended questions about the operation of the purchases system She did not mention anything about detailed checks of invoices against documents

CD examined a sample of invoices to make sure that they had been signed by C AH had been signed
selected a sample of purchase invoices and compared each to the supporting documents that C is supposed to review Every one of D's invoices was supported by the related documents

DD worked at a spare desk in the accounts department and quietly watched C without telling her She checked every invoice carefully while D was present

Show Suggested Answer

Suggested Answer: B, C, D

by Linwood at Oct 19, 2024, 04:38 AM

Limited Time Offer

25%

Off

Get Premium CIMAPRO19-P03-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Leatha

12 days ago

Ooh, C is a tricky one. It looks good on the surface, but D should have dug a little deeper to see if the invoices were actually supported properly. I'm with the crowd on A.

upvoted 0 times

...

Vallie

15 days ago

Haha, D watching C like a hawk at her desk is a bit too much, don't you think? But you're right, that would definitely give a false sense of assurance. A is the winner here.

upvoted 0 times

Louann

4 days ago

A) D reviewed a sample of invoices for purchases of plant and equipment and found that C had not signed them C explained that she believed that those were authorized by someone else although the accounts manual indicates that it was her responsibility

upvoted 0 times

...

Linn

18 days ago

B seems a bit odd to me. If C didn't mention anything about the checks, that's a red flag that she's not doing them properly. I'd go with A on this one.

upvoted 0 times

Cristal

10 days ago

I agree, B does seem suspicious. C should have mentioned the detailed checks.

upvoted 0 times

...

Charolette

24 days ago

I agree, A is the way to go. It's a pretty straightforward case of C not following the procedures, which would give D a false sense of assurance.

upvoted 0 times

Lyla

14 days ago

B) asked C a series of open-ended questions about the operation of the purchases system She did not mention anything about detailed checks of invoices against documents

upvoted 0 times

...

Farrah

19 days ago

upvoted 0 times

...

Colby

1 months ago

Option A is definitely the right answer here. D should have noticed that C didn't sign the invoices, which is a clear sign that she's not doing her job properly.

upvoted 0 times

Roselle

11 days ago

C) D examined a sample of invoices to make sure that they had been signed by C AH had been signed

upvoted 0 times

...

Rosamond

12 days ago

B) asked C a series of open-ended questions about the operation of the purchases system She did not mention anything about detailed checks of invoices against documents

upvoted 0 times

...

Jamal

14 days ago

upvoted 0 times

...

Juliann

1 months ago

I Sarahgree with you. Option Juliann Sarahlso seems like it would give D Sarah fSarahlse sense of SarahssurSarahnce JuliannecSarahuse C did not mention Sarahnything SarahJuliannout detSarahiled checks of invoices SarahgSarahinst documents.

upvoted 0 times

...

Sarah

2 months ago

I think option Sarah would give D Sarah fSarahlse sense of SarahssurSarahnce becSarahuse C did not sign the invoices for plSarahnt Sarahnd equipment, even though it wSarahs her responsibility.

upvoted 0 times

...