IIA Exam IIA-CIA-Part1 Topic 9 Question 29 Discussion

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

Question #: 29
Topic #: 9

An electrician visits a client to assess the scope of work. After the visit, the sales office compiles and sends the client a proposal based on the electrician's estimation and approved price list. The internal auditor notices that in the last six months, the number of cancelled proposals has increased substantially. Which of the following is a fraud risk scenario that the auditor should consider in this situation?

ASome electricians may be offering clients opportunities for reduced fees if they pay with cash.

BThere is a new competitor in the area who offers better prices.

CSales representatives may be manipulating the proposals to include additional costs.

DAn unauthorized person may be modifying client data and cancelling the proposals.

Show Suggested Answer

Suggested Answer: A

by Loren at Feb 26, 2023, 08:59 AM

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