IIA
IIA-CIA-PART1 · Question #113
IIA-CIA-PART1 Question #113: Real Exam Question with Answer & Explanation
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Question
An internal auditor notes that inventory counts are conducted on Mondays only and that all documentation is on paper as there are no computers in the underground warehouses. Also she notices that the person responsible for receiving the goods is the same one who distributes materials and spare parts Finally, she sees that spare parts are written off and taken by the heads of mining units to different underground locations to wait for their turn to be installed. Which of the described findings requires more consideration from a fraud risk perspective?
Options
- AThe job responsibilities of the warehouse employee compromise segregation of duties
- BSpare parts are written off before their actual usage and installation
- CWarehouse management is conducted on paper and requires further investigation
- DThe inventory counts take place on specific days of the week for no apparent reason
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