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An internal audit of an organization ' s disbursement department revealed that multiple payments were...

An internal audit of an organization ' s disbursement department revealed that multiple payments were made to legitimate vendors bearing fraudulent banking information belonging lo employees in the department. These vendors were initially set up with accurate banking information but were subsequently modified by disbursement officers with access to the vendor management system. Which of the following controls would have likely prevented the fraudulent modification of vendors ' banking information?

A.

Management periodically reviews and verifies the information in the vendor master Tile.

B.

Management ' s approval is required for update to vendors ' banking information.

C.

Management randomly audits a sample of payments to verify the accuracy of vendors ' banking information.

D.

Management ' s approval is required before payments can be processed.

IIA IIA-CIA-Part1 Summary

  • Vendor: IIA
  • Product: IIA-CIA-Part1
  • Update on: Nov 6, 2026
  • Questions: 858
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