An internal auditor is performing a review of an organization's vendor for any possible conflicts of interest. Which of the following would provide the greatest assistance to the auditor in meeting this objective?
A. Vendor contracts:While vendor contracts may reveal terms, they do not directly identify potential conflicts of interest.
B. Employee master list:Correct. Comparing the employee master list with vendor information can help identify conflicts of interest, such as vendor ownership or employee relationships.
C. Payment records:Useful for verifying transactions but not for identifying conflicts of interest.
D. Purchasing policy:Provides guidelines but does not assist directly in identifying conflicts.
CIA Exam Syllabus Reference:
Domain II: Risk Management and Control – Identifying and Mitigating Conflicts of Interest.
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