IIA Exam IIA-ACCA Topic 11 Question 68 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 68
Topic #: 11

According to IIA guidance, which of the following statements is true regarding periodic internal assessments of the internal audit activity?

AInternal assessments are conducted to benchmark the internal audit activity's performance against industry best practices.

BInternal assessments must be performed at least once every five years by a qualified assessor.

CAn internal auditor may perform a peer review of a colleague's workpapers, as long as the auditor wasn't involved in the audit under review.

DFollow-up to ensure appropriate improvements are implemented is a recommended, but not mandatory, element of internal assessments.

Show Suggested Answer

Suggested Answer: A

by Alesia at Dec 25, 2023, 11:50 AM

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Mary

3 days ago

I'm not sure about that. Doesn't the IIA guidance say that internal assessments are conducted to improve the internal audit activity's performance, not just to benchmark it against industry best practices? I think option A is incorrect.

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Whitley

4 days ago

I think the answer is A.

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Rutha

5 days ago

But doesn't the guidance recommend internal assessments every five years?

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Jesusa

9 days ago

I think option B is the correct answer. The IIA guidance clearly states that internal assessments must be performed at least once every five years by a qualified assessor.

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Marguerita

10 days ago

I disagree, I believe the answer is B.

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Rutha

17 days ago

I think the answer is A.

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