IIA Exam IIA-CIA-Part2 Topic 7 Question 90 Discussion

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

Question #: 90
Topic #: 7

Which of the following would be the most reliable source of documentary evidence?

AConfirmation letters.

BRemittance advices.

CPolicy statements.

DCanceled checks.
Confirmation letters are generally considered the most reliable source of documentary evidence because they involve direct verification of information with an independent third party. This type of evidence is less prone to bias or manipulation compared to internal documents like policy statements or remittance advices.
IIA Reference:
IIA Standard 2310: Identifying Information requires that internal auditors gather sufficient, reliable, relevant, and useful information to support engagement results. Third-party confirmations, such as confirmation letters, are considered highly reliable because they come from independent sources.
The Practice Guide on Audit Evidence highlights that external confirmations provide strong evidence of the accuracy of the information being audited.

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Suggested Answer: A

by Gabriele at Sep 18, 2024, 06:28 PM

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Lea

27 days ago

Confirmation letters? That's so boring. I'm gonna go with sending a tweet to the CEO for the most reliable info. #TrustMeBro

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Kerry

3 days ago

Sending a tweet to the CEO may not be as reliable as confirmation letters.

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Rosina

11 days ago

Confirmation letters are the most reliable source of documentary evidence.

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Ethan

28 days ago

Remittance advices? What is this, the Middle Ages? Confirmation letters are the way to go, people.

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Detra

1 months ago

Policy statements? More like 'policy suggestions' if you ask me. Gotta go with confirmation letters on this one.

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Carey

2 days ago

I agree, policy statements can be more like suggestions. Confirmation letters offer more reliable evidence.

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Tequila

5 days ago

Confirmation letters are definitely the way to go. They provide direct verification from a third party.

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Jennie

1 months ago

Honestly, who even uses canceled checks anymore? That's so last century. Confirmation letters all the way!

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Keneth

15 days ago

Policy statements may not always be the most reliable source, confirmation letters are more trustworthy.

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Ramonita

22 days ago

Remittance advices can be useful too, but confirmation letters are more reliable.

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Mabel

26 days ago

I agree, canceled checks seem outdated compared to confirmation letters.

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Carlee

30 days ago

Confirmation letters are definitely the way to go for reliable evidence.

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Jannette

1 months ago

But what about canceled checks? Wouldn't they also be reliable?

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Renea

1 months ago

I agree with you, Jutta. Confirmation letters involve verification with an independent third party.

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Naomi

2 months ago

Confirmation letters for sure. Those independent third-party verifications are like the gold standard of documentary evidence.

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Samuel

19 days ago

Canceled checks may show payment, but confirmation letters are more trustworthy.

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Francine

27 days ago

Remittance advices can be helpful, but confirmation letters are more reliable.

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Kayleigh

29 days ago

I agree, confirmation letters provide that extra level of assurance.

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Gerardo

1 months ago

Confirmation letters are definitely the way to go. They're solid evidence.

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Jutta

2 months ago

I think confirmation letters would be the most reliable source of documentary evidence.

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