IIA Exam IIA-CGAP Topic 3 Question 88 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 88
Topic #: 3

If the audit organization has done what is given below then in general, reviewers can conclude there is reasonable assurance that an internal quality control system is effective. please mark the correct option:

ANot implemented adequate audit policies and procedures.

BFollowed applicable auditing standards.

CImplemented adequate audit policies and procedures.

DNot followed applicable auditing standards.

Show Suggested Answer

Suggested Answer: D

by Lawrence at Sep 17, 2024, 04:29 PM

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Lashandra

15 days ago

I'm with Britt on this one. Those 'anti-answers' are like a bad punchline - you know the audit organization is doing something wrong if they're not following standards or have inadequate policies.

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Britt

17 days ago

Haha, option A and D are like the 'anti-answers' - definitely not what we want to see from a well-run audit organization!

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Deonna

19 days ago

Option B sounds good too, but I think C is the better choice since it specifically mentions 'adequate' policies and procedures.

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Marshall

21 days ago

I agree, option C is the correct answer. Implementing adequate audit policies and procedures is crucial for ensuring an effective internal quality control system.

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Craig

2 days ago

User 1: I think option C is the correct answer.

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Toshia

2 months ago

I'm not sure, but I think it makes sense that following applicable auditing standards would also lead to reasonable assurance of an effective internal quality control system.

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Mee

2 months ago

I agree with Chuck, because having adequate audit policies and procedures in place would ensure effective internal quality control.

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Chuck

2 months ago

I think the answer is C) Implemented adequate audit policies and procedures.

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