DECA Financial Consulting Practice Exam 2025 - Free DECA Financial Consulting Practice Questions and Study Guide

When a virtual auditor identifies a potential compliance issue, the next logical step is to link all related questionable transactions for further investigation. This approach allows the auditor to gather all pertinent information and context surrounding the issue, which is essential for a thorough analysis. By connecting these transactions, the auditor can better understand patterns, assess the severity of the compliance issue, and determine the appropriate course of action.

Linking transactions is integral to ensuring that the findings are accurate and comprehensive. It also facilitates a more efficient investigation, as it prepares the auditor to provide informed recommendations or required corrective actions later in the process.

While notifying stakeholders, preparing a final report, or beginning budget reconciliation may be necessary steps later, they would typically come after a deeper understanding of the compliance issue is established through thorough investigation. Thus, focusing on linking questionable transactions first prioritizes due diligence in the auditing process.