IIA Exam IIA-CGAP Topic 1 Question 84 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 84
Topic #: 1

The development and issuance of the Standards is an ongoing process. Which board engages in extensive consultation and discussion prior to the issuance of the Standards?

AAdvisory board

BQuasi-Judicial Boards

CThe Internal Auditing Standards Board

DThe external auditing boards

Show Suggested Answer

Suggested Answer: C

by Viola at Aug 08, 2024, 02:38 AM

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Grover

2 months ago

I'm going with the Internal Auditing Standards Board on this one. It's like asking who makes the rules in a game - it's the referee, not the players!

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Dorothy

1 months ago

It's important to have a board that consults and discusses extensively before issuing the Standards.

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Reita

2 months ago

Yeah, they definitely have a big role in setting the standards for auditing.

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Peggy

2 months ago

I think you're right, the Internal Auditing Standards Board is the one who makes the rules.

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Veronique

3 months ago

The Internal Auditing Standards Board, no doubt. I mean, who else would be responsible for this? The quasi-judicial boards? Come on, that's just a random guess.

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Eura

2 months ago

The other options like the quasi-judicial boards just don't seem to fit the bill.

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Bernardine

2 months ago

Yeah, they are the ones who engage in extensive consultation and discussion before issuing the Standards.

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Ligia

2 months ago

I agree, the Internal Auditing Standards Board is definitely the one responsible for this.

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Stevie

3 months ago

Hmm, I wonder if the advisory board might have a say in this too. They're probably involved in the consultation process, even if they don't have the final say.

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Alesia

2 months ago

It's important to have extensive consultation and discussion before issuing the Standards.

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Justine

2 months ago

I believe the Internal Auditing Standards Board also plays a significant role in the development process.

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Charlene

2 months ago

Yes, they are definitely involved in the discussions before the Standards are issued.

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Fanny

2 months ago

I think the advisory board does play a role in the consultation process.

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Dominque

3 months ago

I'm not sure, but I think it makes sense that the Internal Auditing Standards Board would be the one to do that.

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Temeka

3 months ago

I'm not too sure about this one. The external auditing boards might have some input, but I think the Internal Auditing Standards Board is the one that really calls the shots.

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Jennifer

2 months ago

Yes, the development and issuance of the Standards is definitely an ongoing process that involves a lot of consultation.

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Alaine

2 months ago

The external auditing boards might have some input, but I believe the Internal Auditing Standards Board is the main player.

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Meaghan

2 months ago

I agree, they engage in extensive consultation and discussion prior to the issuance of the Standards.

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Kathrine

3 months ago

I think the Internal Auditing Standards Board is the one that really calls the shots.

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Bernardo

3 months ago

I agree with Leah, the Internal Auditing Standards Board engages in extensive consultation before issuing the Standards.

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Galen

3 months ago

The Internal Auditing Standards Board seems like the obvious choice here. They're the ones responsible for developing and issuing the standards, after all.

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Leah

3 months ago

I think the answer is C) The Internal Auditing Standards Board.

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