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IIA-CIA-PART2 · Question #220

Which of the following engagement techniques would be best to meet the objective of denting a personal conflict -of -interest situation affecting an organization's procurement function?

The correct answer is D. Inspection of documents. To identify a personal conflict-of-interest situation affecting an organization's procurement function, inspecting documents is the most effective engagement technique. This involves reviewing relevant documentation such as procurement records, conflict of interest disclosures…

Performing the Engagement

Question

Which of the following engagement techniques would be best to meet the objective of denting a personal conflict -of -interest situation affecting an organization's procurement function?

Options

  • AInquiry
  • BAnalytical review
  • CObservation
  • DInspection of documents

How the community answered

(23 responses)
  • A
    13% (3)
  • B
    4% (1)
  • C
    4% (1)
  • D
    78% (18)

Explanation

To identify a personal conflict-of-interest situation affecting an organization's procurement function, inspecting documents is the most effective engagement technique. This involves reviewing relevant documentation such as procurement records, conflict of interest disclosures, vendor contracts, and employee relationships with vendors. This technique provides concrete evidence and can reveal discrepancies or relationships that suggest a conflict of interest, offering a clear and objective basis for any findings.

Topics

#conflict of interest#procurement audit#document inspection#fraud detection

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