IIA
IIA-CIA-PART2 · Question #347
IIA-CIA-PART2 Question #347: Real Exam Question with Answer & Explanation
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Question
During an audit of suspense accounts the internal auditor found that there were no written policies on how suspense accounts should be treated. The auditor also found that suspense account balances were cleared once per week, not daily. Which of the following is the most appropriate first response by the auditor?
Options
- AThe auditor should conclude that suspense accounts were not being cleared on a timely basis
- BThe auditor should ask management whether any undocumented policies exist and. if so,
- CThe auditor should conclude that the clearing of suspense accounts was timely and appropriate
- DThe auditor should rely on his professional judgment and experience to develop criteria for
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