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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Twana

2 months ago

Option A all the way! Gotta call in the forensic experts to get to the bottom of this. Can't be too careful when it comes to payroll documents. 'Signatures of the times,' am I right?

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Royal

3 months 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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Sueann

1 months ago

That's a good point. It's always best to seek advice from higher management in situations like this.

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Ronnie

1 months ago

But what if the payroll staff are involved in the potential fraud? Maybe we should review the documents with the chief audit executive for guidance.

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Gertude

2 months ago

I agree, it's important to get their perspective on the authenticity of the signatures before taking further action.

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Lashaunda

2 months ago

I think we should discuss the suspicious documents with the payroll staff first. They might have some insights.

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Oneida

3 months 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

3 months 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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Kristeen

1 months ago

Let's make sure we handle this situation carefully and follow the proper procedures.

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Thurman

2 months ago

It's important to seek advice before taking any further steps.

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Barrett

2 months ago

I agree, the chief audit executive can provide guidance on how to proceed.

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Paz

2 months ago

I think we should review the suspicious documents with the chief audit executive.

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Felicitas

3 months ago

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

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Owen

3 months 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

3 months ago

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

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Dana

3 months ago

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

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Emerson

3 months 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

3 months ago

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

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Wilbert

3 months ago

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

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Elmer

3 months 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

3 months ago

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

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Laurel

3 months ago

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

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