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IIA Exam IIA-CGAP Topic 3 Question 96 Discussion

Actual exam question for IIA's IIA-CGAP exam
Question #: 96
Topic #: 3
[All IIA-CGAP Questions]

The application of appropriate standards depends on all of the following EXCEPT:

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Suggested Answer: A

by Micheline at Jan 26, 2025, 12:44 AM

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Leonora
2 months ago
Legally binding agreement? More like 'legally binding headache' when it comes to auditing standards. I'm going with D, the only sensible option here.
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Macy
2 months ago
Ha! Legally binding agreement? What is this, a lawyer's exam? Give me a break. The right answer is clearly D, all the way.
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Ruby
30 days ago
User 3: Definitely, D covers all the other important factors.
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Lyla
1 months ago
User 2: Yeah, D makes more sense in this context.
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Cherry
1 months ago
User 1: I agree, legally binding agreements seem out of place here.
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Audra
3 months ago
This is a tricky one, but I think the answer is C. The legally binding agreement doesn't really matter when it comes to applying the appropriate standards. It's all about the objectives, information, and other requirements.
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Mabel
2 months ago
D) Other mandates or local requirements relevant to the audit organization and the engagement itself.
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Azzie
2 months ago
B) Availability of information.
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Val
2 months ago
A) The objective of the engagement
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Vinnie
3 months ago
D) Other mandates or local requirements relevant to the audit organization and the engagement itself. Definitely the correct answer. The application of standards is all about the context and specific requirements, not any legally binding agreement.
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Avery
3 months ago
Hmm, I'm not sure about this one. Isn't the legally binding agreement kind of important in determining the standards to be applied? I better double-check that.
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Justine
1 months ago
D) Other mandates or local requirements relevant to the audit organization and the engagement itself.
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Cathrine
1 months ago
C) Legally binding agreement
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Garry
1 months ago
B) Availability of information.
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Mitsue
2 months ago
A) The objective of the engagement
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Roxanne
3 months ago
I think the correct answer is C) Legally binding agreement. The application of standards doesn't depend on any legally binding agreement, it's more about the objectives, available information, and relevant requirements.
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Freeman
2 months ago
I think availability of information is also crucial in determining the appropriate standards to apply.
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Hollis
2 months ago
I agree, the objective of the engagement is definitely important when applying standards.
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Milly
3 months ago
But don't you think that the objective of the engagement is the most important factor to consider?
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Laurena
4 months ago
I disagree, I believe the answer is B) Availability of information.
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Milly
4 months ago
I think the answer is C) Legally binding agreement.
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