During the Audit of a Large Decentralized Supply Chain Function

question 156

Multiple Choice

During the audit of a large decentralized supply chain function, the chief audit executive (CAE) receives serious allegations of fraud concerning the vice president responsible for this function. The CAE engages a third party to provide forensic audit services and lead the investigation portion of the engagement. As part of this team, which of the following would be an appropriate role for the investigator? 1. Authenticate the original approval signatures on contracts. 2. Interview personnel to understand the supply chain processes. 3. Provide certified copies of relevant original documents for the audit file. 4. Identify variances in pixels on original electronic documents.

• A) 1 and 2 only
• B) 1 and 4 only
• C) 2 and 3 only
• D) 3 and 4 only

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Definitions:

The Startup Method

A systematic approach or set of principles followed by startups to initiate, develop, and scale their business operations efficiently.

Deliberate Practice

A method of training focused on specific areas with the aim of improving performance through repetitive practice and feedback.

Clinical Skills

The abilities required to provide care to patients, including diagnosis, treatment, patient communication, and other hands-on medical procedures.

Deliberate Practice

Deliberate practice refers to a focused, systematic approach to improving one’s skills through specific exercises and frequent feedback, aiming for continuous improvement.