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IIA Exam IIA-CHAL-QISA Topic 2 Question 1 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam
Question #: 1
Topic #: 2
[All IIA-CHAL-QISA Questions]

According to IIA guidance, which of the following actions by the chief audit executive would best ensure that internal auditors demonstrate due professional care?

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Suggested Answer: A

Professional Care: Ensuring that internal auditors demonstrate due professional care involves establishing clear policies and procedures that guide their activities.

Guidance and Standards: These policies and procedures help ensure that the internal audit activity adheres to professional standards and best practices.

Standard Compliance: According to the IIA's Performance Standard 2040 -- Policies and Procedures, the CAE must establish policies and procedures to guide the internal audit activity.

Quality Assurance: Properly developed policies and procedures contribute to the overall quality and effectiveness of the internal audit activity, ensuring that engagements are conducted with due professional care.


IIA Standard 2040 -- Policies and Procedures .

by Phuong at Jul 03, 2024, 07:10 PM

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Dannie
8 months ago
Option D? More like 'Ensuring the internal audit activity reports functionally to the board of directors... and then runs for the hills'.
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Luz
9 months ago
Option A? More like 'Developing policies and procedures for the internal audit activity to avoid falling asleep during engagements'.
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Jovita
9 months ago
I'd have to go with option C. Taking on all management requests shows the internal auditors are really dedicated to their work.
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Lynda
9 months ago
Option B is the way to go. Ensuring the internal audit activity is never found fallible is the ultimate way to demonstrate due professional care.
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Julio
8 months ago
C) Undertaking all engagements that management requests of the internal audit activity.
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Golda
8 months ago
B) Ensuring the internal audit activity is not found fallible during audit engagements.
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Dahlia
8 months ago
A) Developing policies and procedures for the internal audit activity
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Gilberto
9 months ago
Option D sounds like the best choice to me. Reporting to the board strengthens the independence and objectivity of the internal audit function.
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Keena
8 months ago
Undertaking all engagements requested by management seems like a lot of work.
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Katie
8 months ago
Developing policies and procedures is also important for due professional care.
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Earleen
8 months ago
I agree, reporting to the board enhances independence.
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Aliza
8 months ago
I think option D is the best choice.
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Katheryn
9 months ago
I think option A is the correct answer. Developing policies and procedures helps ensure consistent application of due professional care.
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Olive
9 months ago
I think option D is also important, reporting functionally to the board of directors can help ensure independence and objectivity.
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Aleshia
9 months ago
I agree, developing policies and procedures is crucial for demonstrating due professional care.
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Sherell
9 months ago
That's a good point, Cora. Reporting to the board of directors can also ensure independence and objectivity in the internal audit activity.
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Cora
9 months ago
But what about option D) Ensuring the internal audit activity reports functionally to the board of directors? Wouldn't that also demonstrate due professional care?
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Suzi
10 months ago
I agree with Sherell, having clear policies and procedures in place shows due professional care.
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Sherell
10 months ago
I think the answer is A) Developing policies and procedures for the internal audit activity.
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