IIA-CIA-PART2 · Question #289
An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used…
The correct answer is A. To identify whether fuel was purchased for work-related purposes. The internal auditor's objective in sorting the data by vehicle and identifying instances of refueling on the same or sequential dates is most likely to determine whether fuel purchases were legitimate and for work-related purposes. By analyzing patterns of refueling, the…
Question
An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates She then performed other tests Based on the auditor's actions which of the following is most likely the objective of this engagement1?
Options
- ATo identify whether fuel was purchased for work-related purposes
- BTo estimate future fuel costs for the organization's fleet of vehicles
- CTo determine trends in average fuel consumption by vehicle
- DTo determine whether the organization is paying more than the industry average for fuel
How the community answered
(44 responses)- A52% (23)
- B16% (7)
- C25% (11)
- D7% (3)
Explanation
The internal auditor's objective in sorting the data by vehicle and identifying instances of refueling on the same or sequential dates is most likely to determine whether fuel purchases were legitimate and for work-related purposes. By analyzing patterns of refueling, the auditor can identify any anomalies or unusual activity that may suggest misuse or personal use of the organization's vehicles. This helps ensure that organizational resources are being used appropriately and that there are no instances of fraud or abuse.
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