IIA
IIA-CIA-PART2 · Question #94
IIA-CIA-PART2 Question #94: Real Exam Question with Answer & Explanation
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Question
During an audit of the accounts receivable (AR) process, an internal auditor noted that reconciliations are still not performed regularly by the AR staff, a recommendation that was made following a previous audit. Monitoring by the financial reporting function has failed to detect the shortcoming. Both the financial reporting function and AR report to the controller, who is responsible for implementing action plans. Which of the following supports the internal auditor's decision to combine both observations into one reported finding?
Options
- AThe observation was made during the same audit, and the action plan has a common owner.
- BThe observation relates to the same control activity within a common process.
- CThe observation has a common control, and it was noted in a prior audit.
- DThe observation has a common process, and the action plan for the observation has a common
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