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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:

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Suggested Answer: D

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

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Chaya
1 months ago
D is the clear choice here. Gotta cover all the bases, even the ones that are a little tricky to audit.
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Lawana
1 months ago
Haha, audits are like a treasure hunt, except the treasure is compliance. D is the golden ticket!
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Tenesha
10 days ago
User 3: Yeah, D covers a wider range of facilities to audit.
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Carolynn
16 days ago
User 2: I agree, D seems like the best option for auditing different facility types.
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Margurite
24 days ago
User 1: Audits are definitely like a treasure hunt!
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Aliza
2 months ago
Hmm, I was leaning towards A, but D makes more sense. Gotta keep an eye on those real estate and joint venture activities, am I right?
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Raelene
30 days ago
User 2: Definitely, keeping track of real estate and joint ventures is crucial for the audit program.
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Alva
1 months ago
User 1: I agree, D seems like the best option to cover all bases.
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Marcos
2 months 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
2 months 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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Matthew
18 days ago
D is definitely the comprehensive choice for audit programs.
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Elmer
1 months ago
Absolutely, joint ventures can have a big impact on operations.
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Gilberto
1 months ago
Yes, D covers all the important areas for auditing.
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Phil
2 months 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
2 months 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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Inocencia
13 days ago
D is the most comprehensive option to ensure thorough auditing of different facility types.
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Marva
18 days ago
It's crucial to have a comprehensive audit program that covers all types of facilities.
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Gearldine
28 days ago
Real estate owned and joint ventures are definitely important to include in the audit program.
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Rodney
1 months ago
I agree, D seems like the best option to cover all bases.
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Lynelle
2 months ago
I think the answer is D) A and C both.
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