IIA
IIA-CIA-PART3 · Question #327
While conducting an audit of the accounts payable department, an internal auditor found that 3% of payments made during the period under review did not agree with the submitted invoices. Which of…
The correct answer is A. A KPI that defines the process owner's tolerance for performance deviations. You've hit your session limit · resets 10:20pm (America/New_York)
Question
While conducting an audit of the accounts payable department, an internal auditor found that 3% of payments made during the period under review did not agree with the submitted invoices. Which of the following key performance indicators (KPIs) for the department would best assist the auditor in determining the significance of the test results?
Options
- AA KPI that defines the process owner's tolerance for performance deviations.
- BA KPI that defines the importance of performance levels and disbursement statistics being
- CA KPI that defines timeliness with regard to reporting disbursement data errors to authorized
- DA KPI that defines operating ratio objectives of the disbursement process.
How the community answered
(51 responses)- A80% (41)
- B6% (3)
- C12% (6)
- D2% (1)
Explanation
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