IIA Exam CPEA Topic 1 Question 94 Discussion

Actual exam question for IIA's CPEA exam

Question #: 94
Topic #: 1

[All CPEA Questions]

Your company has been advised that it will be the subject of a pre-award survey. You advise management to prepare for:

AA surprise audit

BAn internal audit

CA third party audit

DAn announced audit

Show Suggested Answer

Suggested Answer: D

by Annamaria at Jan 11, 2025, 08:48 AM

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Phil

4 months ago

You know what they say, 'the early bird catches the worm.' I'm voting for D - an announced audit. That way, we can make sure the worms are well-hidden.

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Kerry

4 months ago

Surprise audit? Sounds like a nightmare. I'll take the announced version, thanks. At least we can have the janitor sweep the floor beforehand.

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Trinidad

4 months ago

D all the way! An announced audit gives us time to get our ducks in a row. I'm not trying to hide any skeletons in the closet.

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Lilli

2 months ago

Yes, it's better to be proactive and make sure everything is in compliance before the audit.

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Vallie

2 months ago

I think it's important to have everything in order before any audit, whether it's announced or not.

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Yuette

2 months ago

I agree, it's always better to be prepared for an announced audit.

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Linn

3 months ago

D all the way! An announced audit gives us time to get our ducks in a row. I'm not trying to hide any skeletons in the closet.

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German

4 months ago

C'mon, a third-party audit? That's just asking for trouble. I say we go with B - an internal audit we can control.

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Mitsue

3 months ago

Yeah, we need to make sure we have everything in order before the survey.

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Penney

3 months ago

I agree, an internal audit is definitely the way to go.

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Maile

4 months ago

Yes, we should be ready for that and ensure all our documentation is in order.

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Helaine

4 months ago

I think it might be an announced audit.

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Maile

4 months ago

We have to prepare for a pre-award survey.

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Aileen

4 months ago

A surprise audit? Really? I'd prefer a heads up, otherwise I'll be scrambling to clean up the closets.

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Donette

4 months ago

Let's make sure everything is in order for the upcoming audit, regardless of the type.

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Earnestine

4 months ago

I think we should expect a third party audit, that way we can plan ahead.

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Isabella

4 months ago

I agree, a surprise audit can be stressful. It's better to be prepared.

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