IIA Exam CPEA Topic 1 Question 100 Discussion

Actual exam question for IIA's CPEA exam

Question #: 100
Topic #: 1

[All CPEA Questions]

Any audit program must have some bounds under which it operates. Someone must decide which facilities are audited, what they are audited against, and what type of audits will be conducted. In general, audit programs will be responsible for auditing the facility types, for instance:

AReal estate owned

BWarehouses and distribution centers on rent

CJoint ventures with majority ownership and operational responsibility

DA and C both

Show Suggested Answer

Suggested Answer: D

by Charlene at May 02, 2025, 06:04 PM

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Marcos

1 days ago

I'm not sure about that, I think warehouses and distribution centers on rent should also be included in the audit program.

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Noelia

7 days ago

Totally agree, D is the way to go. Can't forget about those joint ventures, they're a crucial part of the business!

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Phil

9 days ago

I agree with Lynelle, because real estate owned and joint ventures with majority ownership are both important facilities to audit.

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Regenia

13 days ago

I think the correct answer is D. Audit programs need to cover both real estate owned and joint ventures with majority ownership and operational responsibility.

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Lynelle

19 days ago

I think the answer is D) A and C both.

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