IIA Exam IIA-CIA-Part2 Topic 6 Question 11 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam

Question #: 11
Topic #: 6

During an assurance engagement, an internal auditor discovered that a sales manager approved numerous sales contracts for values exceeding his authorization limit. The auditor reported the finding to the audit supervisor, noting that the sales manager had additional new contracts under negotiation. According to IIA guidance, which of the following would be the most appropriate next step?

AThe audit supervisor should include the new contracts in the finding for the final audit report.

BThe audit supervisor should communicate the finding to the supervisor of the sales manager through an interim report.

CThe audit supervisor should remind the sales manager of his authority limit for the contracts under negotiation.

DThe auditor should not reference the new contracts, because they are not yet signed and therefore cannot be included in the final report.

Show Suggested Answer

Suggested Answer: B

by Herminia at May 04, 2022, 01:32 AM

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