AAFM Exam CTEP Topic 5 Question 2 Discussion

Actual exam question for AAFM's Chartered Trust & Estate Planner (CTEP) Certification Examination exam

Question #: 2
Topic #: 5

According to IIA guidance, which of the following statements is true regarding periodic internal assessments of the internal audit activity?

AInternal assessments are conducted to benchmark the internal audit activity's performance against industry best practices.

BInternal assessments must be performed at least once every five years by a qualified assessor.

CAn internal auditor may perform a peer review of a colleague's workpapers, as long as the auditor wasn't involved in the audit under review.

DFollow-up to ensure appropriate improvements are implemented is a recommended, but not mandatory, element of internal assessments.

Show Suggested Answer

Suggested Answer: C

by Lonna at May 06, 2022, 10:22 AM

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