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IIA-CIA-Part1 Exam - Topic 9 Question 8 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 8
Topic #: 9
[All IIA-CIA-Part1 Questions]

When taken by a chief audit executive, which of the following actions would be most likely to prevent division exaggerating sales reports?

1) Announcing a series of internal audit engagements focusing on compliance with corporate sales-reporting

2) Asking the president and the board to issue a statement of corporate policy stressing the importance of account reporting and the negative consequences of intentional misreporting.

3) Setting up a hotline for employees to report fraudulent behavior anonymously.

4) Assisting the controller in developing and monitoring a series of business process indicators , which are history with, but independent of sales.

Show Suggested Answer Hide Answer
Suggested Answer: B

by Elly at May 05, 2022, 02:46 AM

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Lauran
4 months ago
Surprised that people think a hotline would help; seems risky for employees!
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Junita
4 months ago
Option 1 is a must, but I feel like 3 could be more effective.
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Son
4 months ago
A hotline? Not sure if that would actually work...
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Iluminada
5 months ago
Totally agree, a strong policy can really deter misreporting!
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Ling
5 months ago
I think option 2 is crucial for setting the tone on reporting.
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Peggie
5 months ago
I recall that monitoring business process indicators can help, but I’m not clear on how independent they need to be from sales to be effective.
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Cherri
5 months ago
I feel like the hotline option could be effective too, but I wonder if employees would actually use it.
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Ma
5 months ago
I think emphasizing corporate policy is crucial; it sets the tone from the top. It reminds me of a practice question we did about leadership influence.
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Clay
5 months ago
I remember we discussed how internal audits can help, but I'm not sure if just announcing them is enough to prevent exaggeration.
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Noel
5 months ago
Ugh, this is a tough one. I'm a bit confused on the relationship between VRRP-A and private partitions. I'll have to guess and hope for the best.
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Evan
5 months ago
Hmm, I'm a little unsure about this one. I know DNS is used for domain name resolution, but I'm not sure if that's the same as referencing IP addresses for SaaS apps. I'll have to think this through carefully.
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Bethanie
5 months ago
I'm a bit confused by this question. I know Scrum has some risk management elements, but I'm not sure if any of these answer choices fully capture how it limits the risk of unknowingly doing something wrong. I might need to review my Scrum notes again before answering this one.
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Leslie
5 months ago
I'm pretty sure the 1100 ISR can handle more advanced QoS compared to the 900, which seems like a big advantage for mid-size organizations.
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