IIA Exam IIA-CIA-Part1 Topic 5 Question 53 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 53
Topic #: 5

During an audit of an organization's accounts payable area, an internal auditor identified anomalies in the information examined that may indicate potential fraud. Which test should the auditor perform first to verify this?

AVerify the completeness and integrity of the data being analyzed.

BIdentify duplicated organizational transactions.

CAnalyze all transactions within the targeted area.

DCheck control totals that have may have been falsified.

Show Suggested Answer

Suggested Answer: A

by Kindra at Jun 21, 2024, 10:46 AM

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Lucina

2 months ago

Checking for duplicated transactions is a good idea, but I think Nettie's suggestion is the way to go. Validate the data, then dig deeper.

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Mabel

1 months ago

Once we verify the integrity of the data, we can then focus on identifying any duplicated transactions.

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Wynell

1 months ago

Let's make sure the data is complete and accurate before moving on to other tests.

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Dexter

2 months ago

I agree, validating the data first is crucial before diving deeper.

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Pura

3 months ago

Haha, analyzing all transactions? That's like finding a needle in a haystack. Gotta start small and focus on the potential red flags first.

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Nobuko

2 months ago

C) Analyze all transactions within the targeted area.

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Lenna

2 months ago

B) Identify duplicated organizational transactions.

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Willard

2 months ago

A) Verify the completeness and integrity of the data being analyzed.

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Josue

3 months ago

I agree with Nettie. You need to make sure the data is reliable before diving into any analysis. Wouldn't want to draw conclusions based on faulty information.

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Ettie

2 months ago

D) Checking control totals is also essential to identify any falsification.

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Adaline

2 months ago

A) Yes, ensuring data reliability is crucial in detecting potential fraud.

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Tennie

2 months ago

B) I think it's important to check for duplicated transactions as well.

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Ilona

3 months ago

A) Verify the completeness and integrity of the data being analyzed.

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Nettie

3 months ago

Verifying the completeness and integrity of the data seems like the logical first step. You can't really analyze anything if the underlying data is questionable.

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