IIA Exam IIA-CGAP Topic 5 Question 91 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 91
Topic #: 5

Which is the practice that an organization uses when the audit staff does not possess the needed skills, and management may temporally contract with a specialist to perform the needed function?

AControl

BFraud risk assessment practice

COutsourcing

DAccountancy practice

Show Suggested Answer

Suggested Answer: B

by Micheal at Sep 13, 2024, 04:13 PM

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Annice

2 months ago

Option C, Outsourcing, is the way to go. Although, I heard the auditors sometimes outsource to their cat's groomer. Gotta love those creative solutions!

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Dominque

2 months ago

Hmm, Outsourcing, huh? I bet the specialist they contract with charges an arm and a leg. Maybe they should just hire someone with the right skills instead. Oh well, C it is!

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Rose

19 days ago

I think it's a practical approach in certain situations.

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Oretha

21 days ago

True, it's a temporary solution to fill the gap.

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Destiny

27 days ago

But sometimes it's necessary if the staff doesn't have the right skills.

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Glendora

1 months ago

I agree, outsourcing can be expensive.

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Carlota

3 months ago

I was thinking option D, Accountancy practice, because that's what the organization would typically rely on. But I guess Outsourcing makes more sense in this scenario.

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Francoise

2 months ago

It's a common practice when the audit staff lacks the necessary skills.

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Katy

2 months ago

I agree, sometimes organizations need to bring in specialists for certain functions.

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Fernanda

2 months ago

It's a temporary solution to fill the skill gap in the organization.

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Nieves

2 months ago

Yeah, when the audit staff lacks skills, bringing in a specialist through Outsourcing makes sense.

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Iola

2 months ago

I think Outsourcing is the right choice here.

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Donette

2 months ago

I think Outsourcing is the right choice here.

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Caitlin

3 months ago

I'm not sure, but I think it could also be B) Fraud risk assessment practice. It's important to bring in specialists when needed.

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Ora

3 months ago

Option C, Outsourcing, seems like the obvious choice here. Why would the organization use their own staff if they don't have the required skills? Outsourcing makes perfect sense.

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