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

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?
B) Establish whether the controls are adequate or not. and C) Decide how the controls will be tested. and D) Learn all about the systems and controls in the department.
A) Prepare the report.
E) Carefully consider any control weaknesses that are reported.
F) Review previous audit findings for the department.

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

Actual exam question for CIMA's CIMAPRO19-P03-1 exam
Question #: 72
Topic #: 5
[All CIMAPRO19-P03-1 Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: B, C, D

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

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Catarina
9 months ago
Establishing control adequacy is a must!
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Keneth
10 months ago
Wait, do we really need to prepare the report before the audit? That seems off.
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Magdalene
10 months ago
Agree, but how can you decide on controls without knowing the systems?
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Merissa
10 months ago
I think learning about the systems is super important too!
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Alesia
10 months ago
You definitely need to review previous audit findings first.
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Gerald
10 months ago
I practiced a question similar to this, and I think considering control weaknesses is definitely part of the planning process. It helps us know where to dig deeper.
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Evangelina
11 months ago
I feel like deciding how the controls will be tested is a key step, but I can't recall if it comes before or after assessing the adequacy of the controls.
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Danilo
11 months ago
I'm not entirely sure, but I remember something about reviewing previous audit findings being important. It might help us identify areas that need more focus.
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Antonette
11 months ago
I think we need to learn about the systems and controls first, right? That seems crucial for understanding what we're auditing.
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Hannah
11 months ago
This looks straightforward enough. I'd start by reviewing the previous audit findings, then decide how to test the controls and assess their adequacy. Preparing the report would be the final step. I'm confident I can tackle this question.
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Annelle
11 months ago
I'm feeling a bit lost on this one. There are a lot of steps involved in planning an internal audit. I'll need to make sure I understand each of the options thoroughly before selecting the right approach.
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Rashad
11 months ago
Hmm, I'm a bit unsure about this one. Do we need to learn all the details about the systems and controls first, or can we just focus on testing the key controls? I'll have to think this through carefully.
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Annalee
11 months ago
This seems like a pretty straightforward internal audit question. I'd start by reviewing the previous audit findings for the department to get a sense of any recurring issues or areas of concern.
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Gwenn
11 months ago
Okay, I think I've got this. The key things we need to do are decide how we'll test the controls, establish whether they are adequate, and then prepare the report. Reviewing previous findings is also important to identify any ongoing problems.
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Georgiann
11 months ago
Hmm, this one seems straightforward. I'll go through the options and eliminate the ones that are clearly data analytics modes.
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Jina
11 months ago
This question is asking about the different types of acute kidney injury, so I'll need to think about the causes and locations of AKI. Postrenal AKI is caused by an obstruction downstream of the kidneys, so I'll need to consider the options that could lead to that.
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Lai
1 year 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.
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Ming
1 year ago
C) Decide how the controls will be tested.
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Jerry
1 year ago
B) Establish whether the controls are adequate or not.
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Marleen
1 year ago
A) Prepare the report.
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Nieves
1 year 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.
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Bette
1 year ago
E) Carefully consider any control weaknesses that are reported.
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Giuseppe
1 year ago
C) Decide how the controls will be tested.
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Malcom
1 year ago
F) Review previous audit findings for the department.
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Tamekia
1 year 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.
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Kristofer
1 year 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.
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Louisa
1 year ago
C) Decide how the controls will be tested.
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Stephaine
1 year ago
B) Establish whether the controls are adequate or not.
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Brynn
1 year ago
A) Prepare the report.
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Brandon
1 year ago
But we also need to carefully consider any control weaknesses that are reported.
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Janine
1 year ago
I agree, it's important to learn from past mistakes.
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Raelene
1 year ago
I think we should review previous audit findings for the department.
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