IIA Essentials of Internal Auditing IIA-CIA-Part1 Question # 107 Topic 11 Discussion

IIA Essentials of Internal Auditing IIA-CIA-Part1 Question # 107 Topic 11 Discussion

IIA-CIA-Part1 Exam Topic 11 Question 107 Discussion:
Question #: 107
Topic #: 11

An internal audit of an organization's disbursement department revealed that multiple payments were made to legitimate vendors bearing fraudulent banking information belonging lo employees in the department. These vendors were initially set up with accurate banking information but were subsequently modified by disbursement officers with access to the vendor management system. Which of the following controls would have likely prevented the fraudulent modification of vendors' banking information?


A.

Management periodically reviews and verifies the information in the vendor master Tile.


B.

Management's approval is required for update to vendors' banking information.


C.

Management randomly audits a sample of payments to verify the accuracy of vendors' banking information.


D.

Management's approval is required before payments can be processed.


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