IIA Exam IIA-ACCA Topic 3 Question 73 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 73
Topic #: 3

[All IIA-ACCA Questions]

What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?

ATo help the internal audit activity complete its annual assurance plan.

BTo identify inefficiencies within the internal audit team.

CTo help improve the overall quality of the internal audit activity's work.

DTo identify key risks and areas of concern within the organization.

Show Suggested Answer

Suggested Answer: A

by Rodolfo at Apr 12, 2024, 12:49 PM

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Dana

14 hours ago

Hmm, let me think... C sounds like the most logical answer. I mean, who wants to just complete an assurance plan when you can improve the whole shebang?

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Cletus

2 days ago

Haha, this is a no-brainer. If I picked anything other than C, I'd be as lost as a penguin in the desert!

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Glenna

2 days ago

I agree with Kristel, option C makes the most sense. It's important to constantly strive for improvement.

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Regenia

3 days ago

I agree with Rikki and Janet. C is the way to go. Although finding key risks is important, that's not the primary purpose of a quality assessment.

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Kristel

6 days ago

I think the primary benefit is option C, to improve the overall quality of our work.

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Janet

9 days ago

Absolutely, C is the correct answer. An internal quality assessment is all about enhancing the internal audit function, not just identifying inefficiencies or risks.

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Rikki

10 days ago

C is the clear answer here. The primary benefit of an internal quality assessment is to help improve the overall quality of the internal audit activity's work.

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