Câu 140: IIA-CIA-PART2: Certified Internal Auditor - Part 2 Conducting the Internal Audit Engagement

As part of an operational audit, an auditor compared records of current inventory with usage during the prior two-year period and determined that the spare parts inventory was excessive. What step should the auditor perform first?

1. A. Determine the effects of a stock-out on the organization's profitability.
2. B. Determine whether a clear policy exists for setting inventory limits. — đáp án hiện tại
3. C. Determine who approved the purchase orders for the spare parts.
4. D. Determine whether purchases were properly recorded.