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CIMAPRA17-BA4-1 Exam - Topic 8 Question 83 Discussion

The primary role of internal audit within an organisation is to:
B) serve as an independent, objective assurance and consulting activity that adds value to operations
A) serve as the investigative arm of the board
C) carry out assignments to assist in the attainment of more efficient operations
D) assist the external auditor in order to reduce external audit fees

CIMAPRA17-BA4-1 Exam - Topic 8 Question 83 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 83
Topic #: 8
[All CIMAPRA17-BA4-1 Questions]

The primary role of internal audit within an organisation is to:

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Suggested Answer: B

by Nobuko at Mar 17, 2024, 12:48 PM

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Carlee
9 months ago
Totally agree with B, it’s all about being objective and independent.
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Felicidad
10 months ago
A is misleading, they’re not just investigators!
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Yuki
10 months ago
Wait, are we really saying internal audit is just for efficiency?
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Willis
10 months ago
I think C is also important, but B covers it better.
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Roselle
10 months ago
B is definitely the main role! Adds value for sure.
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Shelton
10 months ago
I’m really unsure about D; I know internal audits help with external audits, but I don’t think that's their primary role.
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Valda
11 months ago
I feel like C could also be a contender since internal audits do help improve efficiency, but I still think B captures the essence better.
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Annabelle
11 months ago
I remember a practice question that emphasized the independence of internal audit, which makes me think B is definitely the right choice, but I’m not completely sure.
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Kara
11 months ago
I think the internal audit's main role is more about providing assurance and consulting, so I’m leaning towards B.
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Sunny
11 months ago
I'm feeling confident about this one. The second option really stands out as capturing the essence of internal audit's purpose within an organization.
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Jeff
11 months ago
Ah, I remember discussing this in class. The key is to focus on the "primary role" - that should help me identify the best answer.
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Latanya
11 months ago
This seems like a straightforward question about the role of internal audit. I'll carefully read through the options and think about which one best captures the primary purpose.
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Lucille
11 months ago
Hmm, I'm a bit unsure about this one. The options seem similar, but I know the role of internal audit is important. I'll have to think it through step-by-step.
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Linn
11 months ago
Okay, I think I've got this. Option B looks like the right choice, as it uses the toUpperCase() method to convert the input string to uppercase.
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Jeanice
11 months ago
I'm pretty sure the Integrated Reporting Framework is focused on more than just financial metrics, so A is definitely not one of the principles. B and E sound like they could be correct, but I'm not 100% sure.
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Kimberely
11 months ago
Wait, I'm confused. Are open-ended questions the ones that call for a detailed reply, or are those the closed-ended ones? I need to review my notes on this.
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Brendan
11 months ago
I'm a bit confused by this question. I know SMTP is for sending email, but I'm not sure about the other options. I'll have to review my notes on email protocols to make sure I get this one right.
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Taryn
1 year ago
B, definitely. That's the textbook definition of internal audit's role. Though I do like Nickie's idea of reducing audit fees!
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Valentine
1 year ago
I think that's more of a secondary role for internal audit.
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Margery
1 year ago
A) serve as the investigative arm of the board
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Nakita
1 year ago
That's also an important aspect of internal audit's role.
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Chery
1 year ago
C) carry out assignments to assist in the attainment of more efficient operations
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Shawna
1 year ago
I agree, that's the main purpose of internal audit.
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Cyndy
1 year ago
B) serve as an independent, objective assurance and consulting activity that adds value to operations
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Nickie
1 year ago
Hmm, I'm going with D. Anything to reduce external audit fees sounds like a good deal to me!
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Sabrina
1 year ago
I'm not sure, but I think it might be C. Internal audit is there to help improve efficiency, right?
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Bette
1 year ago
So, the primary role of internal audit is to carry out assignments to help improve operations.
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Herminia
1 year ago
Yes, that's correct. Internal audit is there to assist in the attainment of more efficient operations.
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Adelle
1 year ago
I think you're right, internal audit does help improve efficiency.
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Aracelis
1 year ago
I think the answer is B. The primary role of internal audit is to provide independent and objective assurance and consulting to add value to the organization's operations.
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Carey
1 year ago
User 2
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Mona
1 year ago
User 1
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Doyle
1 year ago
I believe internal audit should also assist in the attainment of more efficient operations, so I would choose option C.
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Martina
1 year ago
I agree with Melina. Internal audit should provide objective assurance and help improve operations.
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Melina
1 year ago
I think the primary role of internal audit is to serve as an independent, objective assurance and consulting activity that adds value to operations.
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