An Internal Auditor Is Reviewing Purchases Made Through the Organization's

question 251

Multiple Choice

An internal auditor is reviewing purchases made through the organization's corporate credit card program. Which of the following statements best describes a root cause of a deficiency?

• A) A personal computer was purchased from a non-approved vendor.
• B) Company policy limits card use to $500 per transaction.
• C) A control to detect split purchases has not been activated in the credit card system.
• D) Sample testing found 10% non-compliance with the organization's business travel policy.

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Definitions:

Social Activities

Interactions among people that involve communication, sharing, participation, and often collaboration towards a common goal or for entertainment.

Birth Order

The chronological order of sibling births in a family, which is sometimes believed to have an influence on a person's personality and psychological development.

GPAs

Grade point averages, numerical calculations representing the average value of the accumulated final grades earned in courses over time.

Family Size

Refers to the number of individuals living together related by birth, marriage, or adoption, making up a household.