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QUESTION: 461

After partially completing an internal control review of the accounts payable department, an auditor suspects that some type of fraud has occurred. To ascertain whether the fraud is present, the best sampling approach would be to use

Simple random sampling to select a sample of vouchers processed by the department during the past year.
Probability proportional to size sampling to select a sample of vouchers processed by the department during the past year.
Discovery sampling to select a sample of vouchers processed by the department during the past year.
Judgmental sampling to select a sample of vouchers processed by clerks who were identified by the department manager as acting suspiciously.

Answer(s): C

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QUESTION: 462

When interviewing an individual suspected of fraud, what type of questions would be asked after the introductory questions?

Informational questions.
Admission seeking questions
Assessment questions
Closing questions

Answer(s): A

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QUESTION: 463

A chief audit executive (CAE) suspects that several employees have used desktop computers for personal gain. In conducting an investigation, the primary reason that the CAE would choose to engage a forensic information systems auditor rather than using the organization's information systems auditor is that a forensic information systems auditor would possess

Knowledge of the computing system that would enable a more comprehensive assessment of the computer use and abuse.
Knowledge of what constitutes evidence acceptable in a court of law.
Superior analytical skills that would facilitate the identification of computer abuse.
Superior documentation and organization skills that would facilitate in the presentation of findings to senior management and the board.

Answer(s): B

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QUESTION: 464

During an audit of a major contract, an auditor finds that actual hours and dollars billed are consistently at or near budgeted amounts. This condition is a red flag for which of the following procurement fraud schemes?