IIA-CIA-Part2 Exam QuestionsBrowse all questions from this exam

IIA-CIA-Part2 Exam - Question 277


An internal auditor observes a double payment transaction on a supplier invoice during an accounts payable engagement. Which of the following steps would be the most effective in helping the auditor determine whether fraud exists?

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Correct Answer: D

To determine whether fraud exists, the most effective step would be to perform data analytics on the supplier's information, invoiced amounts, and payments performed. This approach allows the auditor to identify patterns, anomalies, and inconsistencies that could suggest fraudulent activity. By analyzing the data comprehensively, the auditor can pinpoint unusual transactions and verify their legitimacy, which is essential in identifying potential fraud.

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8aaab27Option: D
Jul 18, 2024

Too many wrong answers I think the answers should be revised by the website, right answer is D