Discuss CIMA CIMAPRO19-P03-1 Exam Topic 5 Question 37

Laura is an accounts clerk. She issupposed to sign each invoice as evidence that she has conducted checks against supporting documents.Sometimes Laura signs invoices without making these checks.

Terry is a member of the internal audit team. Terry has been told to conduct compliance tests on whether Laura is checking the invoices properly.

Which of the following would give Terry a false sense of assurance that Laura's checks have been operating?

ATerry examined a sample of invoices to make sure that they had been signed by Laura. All had been signed.

BTerry worked at a spare desk in the accounts department and quietly watched Laura without telling her. She checked every invoice carefully while Terry was present.

CTerry selected a sample of purchase invoices and compared each to the supporting documents that Laura is supposed to review. Every one of Terry's invoices was supported by the related documents.

DTerry asked Laura a series of open-ended questions about the operation of the purchases system. She did not mention anything about detailed checks of invoices against documents.

ETerry reviewed a sample of invoices for purchases of plant and equipment and found that Laura had not signed them. Laura explained that she believed that those were authorised by someone else, although the accounts manual indicates that it was her responsibility.

Suggested Answer: A, B, D

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32 comments · newest first

Donette 12 months ago

I’m surprised Laura thinks she can skip checks!

Tamera 12 months ago

Definitely, Terry needs to dig deeper than just signatures.

Mertie 1 year ago

Wait, how can Terry be sure Laura did her job if she just signed?

Jin 1 year ago

Sounds like a recipe for disaster!

Torie 1 year ago

Laura signs invoices without checks sometimes.

Ceola 1 year ago

I recall that open-ended questions can sometimes lead to vague answers. D seems like it wouldn't really verify if Laura is following the process correctly.

Lorean 1 year ago

I’m not entirely sure, but I feel like C could also be misleading since it doesn’t confirm if Laura actually did the checks herself.

Sharita 1 year ago

I think B is tricky too. If Laura knew Terry was watching, she might have changed her behavior. That could lead to misleading results.

Phuong 1 year ago

I remember we discussed how just checking signatures might not be enough to ensure proper checks were done. It feels like A could give a false sense of security.

Fausto 1 year ago

Okay, I think I've got this. The key is understanding that the traffic-table on the OLT is used to configure the traffic rate limit parameters and priority policies. It's not just for monitoring, but for actively managing the network traffic. I'm feeling good about selecting the right answer here.

Chauncey 1 year ago

I've got a good handle on the IIA Code of Ethics, so I think I can tackle this question. I'll methodically go through the options and select the one that most aligns with the ethical principles.

Fannie 1 year ago

I'm a bit confused about the options. Do we really need to install the new version in a different directory? That doesn't seem right.

Ethan 1 year ago

I think option D might be the right choice because it mentioned prioritizing voice, but I second-guessed myself during the mock exams on this topic.

Josephine 1 year ago

I remember a similar question where confidentiality was a key factor in security. I'm leaning towards option C.

Fannie 1 year ago

I feel confident about this question. The strategies outlined in Exhibit 2 for GlobeCorp seem like a good starting point. And the options quotes in Exhibit 3 provide the necessary information to determine the best solution for NVS Bank.

Dominga 1 year ago

Wouldn't it be hilarious if Terry just set up a hidden camera to watch Laura in action? Like some kind of corporate spy thriller. Option B is the surveillance cam option!

Francesco 1 year ago

I agree with Antonette. Option C is the way to go. Comparing the invoices to the supporting documents is the only way Terry can really test whether Laura is doing her job properly. The other options are just surface-level checks.

Reita 1 year ago

↳ replying to Francesco

Yeah, the other options are just not as effective in testing Laura's checks.

Tarra 1 year ago

↳ replying to Francesco

I agree, comparing the invoices to the supporting documents is the most thorough way to check.

Dalene 1 year ago

↳ replying to Francesco

I think option C is the best choice. It really tests if Laura is doing her job properly.

Leonora 1 year ago

Haha, imagine if Terry just asked Laura a bunch of questions without actually checking anything. That's like an auditor trying to catch a fraudster by just chatting with them. Option D is a bit of a joke answer.

Tula 1 year ago

But I think Option E is also an interesting one. If Laura is not signing certain invoices because she thinks someone else is responsible, that's a red flag that the controls aren't working as intended.

Stephaine 1 year ago

↳ replying to Tula

Terry needs to investigate further to understand why Laura is not signing certain invoices. It could indicate a bigger issue.

Twana 1 year ago

↳ replying to Tula

I agree, if Laura is not following the accounts manual, then there could be a breakdown in the control system.

Edna 1 year ago

↳ replying to Tula

Option E is definitely a red flag. Laura should be signing all invoices, regardless of who she thinks is responsible.

Antonette 2 years ago

Option C seems to be the correct answer here. If Terry just examines the signed invoices or watches Laura while she's checking them, it won't show whether Laura is actually verifying the supporting documents properly.

Cordell 1 year ago

↳ replying to Antonette

E) Terry reviewed a sample of invoices for purchases of plant and equipment and found that Laura had not signed them. Laura explained that she believed that those were authorised by someone else, although the accounts manual indicates that it was her responsibility.

Shawnda 1 year ago

↳ replying to Antonette

B) Terry worked at a spare desk in the accounts department and quietly watched Laura without telling her. She checked every invoice carefully while Terry was present.

Micaela 1 year ago

↳ replying to Antonette

A) Terry examined a sample of invoices to make sure that they had been signed by Laura. All had been signed.

Vinnie 2 years ago

But what about option E? Laura's explanation seems reasonable, so maybe Terry would not suspect anything.

Deandrea 2 years ago

I agree with you, Cordell. Laura might have checked the invoices only because Terry was watching.

Cordell 2 years ago

I think option B would give Terry a false sense of assurance.

CIMAPRO19-P03-1 Exam - Topic 5 Question 37 Discussion