Reference no: EM133359405

Questions

1. An internal auditor is using a computer-assisted audit technique to examine employee expenses across several divisions of the organization. Which of the following is true in this situation?

a. The data from various sources should remain segregated tor easier analysis and discovery anomalies

b. Fraud detection techniques should be performed against full data population

c. A reactive approach is best suited for fraud detection due to the effectiveness of tips and whistleblowing programs.

d. Random sampling is an effective method of detecting fraudulent transactions.

2. An internal auditor has discovered that duplicate payments were made to one vendor. Management has recouped the duplicate payments as a corrective action. Which of the following describes management's action in this case?

a. A condition-based action plan.

b. A cause-based action plan.

c. A root cause-based action plan.

d. An effect-based action plan.