IIA
IIA-CIA-PART2 · Question #249
IIA-CIA-PART2 Question #249: Real Exam Question with Answer & Explanation
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Question
An internal auditor examined a nostatistical sample of open accounts receivable balances and discovered that 10 out of 60 exceeded the approved unseated credit limit threshold defined by the organization's policy What should the auditor document in the workpapers?
Options
- ACredit limit over drafts are not monitored in accordance with the organizations policy
- BSeventeen percent of customers' open balances in the sample exceed their approved unsecured
- CThe threshold for credit limits defined by the organization's policy is not adequate
- DManagement should perform monthly monitoring of open customer balances
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