IIA Exam IIA-CIA-Part1 Topic 3 Question 66 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 66
Topic #: 3

During a payroll audit, a staff internal auditor suspects that signatures on some of the documents being sampled for examination are not authentic. Which of the following actions should the auditor take before proceeding with the examination?

ASuggest to the payroll manager that the suspicious documents should be sent to the organization's security department for forensic review.

BKeep the suspicious documents in the workpaper file until the end of the engagement, and then discuss the suspicions with the payroll manager.

CDiscuss the suspicious documents with payroll staff to seek their views on the authenticity of the signatures.

DReview the suspicious documents with the chief audit executive and seek advice concerning further examination.

Show Suggested Answer

Suggested Answer: D

The best course of action is for the internal auditor to consult with the chief audit executive (CAE) regarding the suspicious documents. This step aligns with IIA standards, which advise consulting senior audit leaders in cases of potential fraud to ensure proper investigation and avoid alerting those who might be involved.

by Terrilyn at Nov 16, 2024, 12:46 PM

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Royal

2 days ago

I'm going with option B. Keep the documents in the workpaper file and discuss it later. No need to make a big fuss about it right away.

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Oneida

3 days ago

Hmm, I'm not sure. Maybe option C is a good idea, just to get the payroll staff's input. They might have a legitimate explanation for the suspicious signatures.

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Mira

8 days ago

Option D makes the most sense to me. The chief audit executive should be consulted for guidance on how to proceed with the examination and any further steps.

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Felicitas

21 days ago

I believe we should also review the suspicious documents with the chief audit executive for advice.

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Owen

23 days ago

I think option A is the best choice. It's crucial to involve the security department for a professional forensic review to ensure authenticity and avoid any potential legal issues.

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Rosenda

1 days ago

D) Review the suspicious documents with the chief audit executive and seek advice concerning further examination.

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Dana

2 days ago

C) Discuss the suspicious documents with payroll staff to seek their views on the authenticity of the signatures.

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Emerson

6 days ago

A) Suggest to the payroll manager that the suspicious documents should be sent to the organization's security department for forensic review.

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Rodolfo

6 days ago

D) Review the suspicious documents with the chief audit executive and seek advice concerning further examination.

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Wilbert

7 days ago

C) Discuss the suspicious documents with payroll staff to seek their views on the authenticity of the signatures.

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Elmer

8 days ago

A) Suggest to the payroll manager that the suspicious documents should be sent to the organization's security department for forensic review.

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Ruby

24 days ago

I agree with Laurel. It's important to get their views on the authenticity of the signatures.

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Laurel

25 days ago

I think we should discuss the suspicious documents with the payroll staff first.

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