CIMA Exam CIMAPRO19-P03-1 Topic 5 Question 72 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 72
Topic #: 5

You have been assigned the role of lead internal auditor. Your task is to carryout the annual assessment of the production line maintenance department.

When planning for this audit, which of the following must be completed?

APrepare the report.

BEstablish whether the controls are adequate or not.

CDecide how the controls will be tested.

DLearn all about the systems and controls in the department.

ECarefully consider any control weaknesses that are reported.

FReview previous audit findings for the department.

Show Suggested Answer

Suggested Answer: B, C, D

by Kenda at Jul 10, 2024, 01:57 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRO19-P03-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lai

21 days ago

Hmm, I'm leaning towards option B. Gotta establish if those controls are up to snuff. Although, maybe we should have a 'control' control, just to be sure. You know, like a control control control. Inception, but with spreadsheets.

upvoted 0 times

Marleen

2 days ago

A) Prepare the report.

upvoted 0 times

...

Nieves

1 months ago

Option F, all the way! Reviewing the past findings is like reading the instruction manual before assembling the IKEA furniture. You avoid a lot of headaches down the line.

upvoted 0 times

Bette

14 days ago

E) Carefully consider any control weaknesses that are reported.

upvoted 0 times

...

Giuseppe

19 days ago

C) Decide how the controls will be tested.

upvoted 0 times

...

Malcom

1 months ago

F) Review previous audit findings for the department.

upvoted 0 times

...

Tamekia

1 months ago

I'd say option D is the key here. You can't assess what you don't understand, right? Might as well try to audit the production line while wearing a blindfold. Not a good look for the lead internal auditor.

upvoted 0 times

...

Kristofer

2 months ago

Option C is definitely the way to go. Gotta plan how to test those controls, you know? It's like a detective work, but with spreadsheets and checklists instead of magnifying glasses and deerstalker hats.

upvoted 0 times