IIA-CIA-Part2 Exam Dumps | An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor

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Question 146

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Question 146/186

An internal auditor accessed accounts payable records and extracted data related to fuel purchased tor the organization's vehicles As a first step, she sorted the data by vehicle and used spreadsheet functions to identify all instances of refueling on the same or sequential dates She then performed other tests Based on the auditor's actions which of the following is most likely the objective of this engagement1?

A. To identify whether fuel was purchased for work-related purposes

B. To estimate future fuel costs for the organization's fleet of vehicles

C. To determine trends in average fuel consumption by vehicle

D. To determine whether the organization is paying more than the industry average for fuel

Correct Answer: A

The internal auditor's objective in sorting the data by vehicle and identifying instances of refueling on the same or sequential dates is most likely to determine whether fuel purchases were legitimate and for work-related purposes. By analyzing patterns of refueling, the auditor can identify any anomalies or unusual activity that may suggest misuse or personal use of the organization's vehicles. This helps ensure that organizational resources are being used appropriately and that there are no instances of fraud or abuse.
References:
* The Institute of Internal Auditors (IIA) Standard 1220 - Due Professional Care: "Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor."
* IIA Practice Guide on "Data Analytics and Continuous Auditing"

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