CIMAPRA17-BA3-1 Exam - Topic 1 Question 60 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 60
Topic #: 1

Refer to the exhibit.

Both internal and external audits can be performed on the financial statements of a company. The results of the audits have different purposes and different reporting lines.

Which of the following combinations is correct?

Show Suggested Answer

Suggested Answer: C

by Lenna at Oct 28, 2022, 12:17 AM

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Sophia

4 months ago

Just a reminder, external audits are usually required by law.

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Evelynn

4 months ago

I think option B is the right choice here.

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Fidelia

4 months ago

Wait, are we sure about the reporting lines? Seems a bit confusing.

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Carmela

4 months ago

Totally agree, the purposes are definitely different!

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Bok

4 months ago

Internal audits focus on compliance, while external audits are for stakeholders.

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Carmen

5 months ago

I think internal audits report to management while external audits go to shareholders, but I need to double-check that before answering.

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Lyla

5 months ago

I feel like I should know this, but I keep mixing up the roles of internal and external auditors. I hope I can remember the right combination!

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Dorothea

5 months ago

This question seems similar to one we practiced about audit purposes. I think external audits are more about compliance, but I can't recall the exact reporting structure.

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Ludivina

5 months ago

I remember we discussed the differences between internal and external audits, but I'm not sure which reporting lines apply to each.

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Rebbecca

5 months ago

Hmm, this seems straightforward. I just need to figure out the correct URL to use for the external redirection.

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Leota

5 months ago

Okay, I've got this. The service desk should work closely with support and development teams, not remain isolated. The other options don't sound right. I'll select A.

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