IIA-CHAL-QISA Exam - Topic 2 Question 16 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam

Question #: 16
Topic #: 2

[All IIA-CHAL-QISA Questions]

According to IIA guidance, which of the following steps should precede the development of audit engagement objectives?

AIdentification of controls.

BScope establishment.

CRisk assessment.

DReview of resources.

Show Suggested Answer

Suggested Answer: C

Risk Assessment: Before developing audit engagement objectives, a thorough risk assessment should be conducted. This step helps identify and prioritize the areas of highest risk, ensuring that the audit focuses on the most critical issues.

Establishing Objectives: The results of the risk assessment guide the development of specific, relevant, and focused audit objectives. This ensures that the engagement addresses key risk areas and adds value to the organization.

Sequential Steps: Identification of controls, scope establishment, and review of resources are important steps but typically follow the initial risk assessment to ensure the audit is aligned with the organization's risk profile.

by Rosendo at Sep 16, 2024, 08:51 AM

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Silva

4 months ago

I thought reviewing resources was more important.

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Vanesa

4 months ago

Controls need to be identified before anything else!

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Laquanda

4 months ago

Wait, are we really sure about that?

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Wilbert

5 months ago

I think scope establishment should come first, though.

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Levi

5 months ago

Risk assessment is definitely the first step!

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Gail

5 months ago

I definitely recall that risk assessment is a key step in the process, but I wonder if it’s the very first thing we should do.

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Amie

5 months ago

I’m torn between identification of controls and risk assessment. I feel like both are crucial, but I can't recall which one comes first.

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Carin

5 months ago

I remember practicing a question like this where scope establishment came before objectives. It makes sense to define the scope first, right?

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Ivette

5 months ago

I think risk assessment is really important before setting objectives, but I'm not entirely sure if it's the first step.

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Timothy

5 months ago

This is a tricky one. I'll need to review my notes on the IIA standards to make sure I select the right sequence of steps. Gotta be careful on these exam questions.

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Carmelina

5 months ago

I'm confident the answer is C. Risk assessment is a critical first step that informs the development of audit engagement objectives.

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Alonso

5 months ago

Based on my understanding of the audit process, I believe the correct answer is B. Establishing the scope should come before developing the engagement objectives.

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Glendora

5 months ago

Hmm, I'm a bit unsure on this one. The options seem to cover different aspects of the audit process, so I'll need to carefully review the IIA guidance to determine the right order.

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James

6 months ago

This question seems straightforward. I think the key is to focus on the IIA guidance, which should indicate the proper sequence of steps.

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Linette

6 months ago

I'm leaning towards HTTP Form as well. The key detail seems to be the form encoding requirement, which points to that being the correct answer.

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Virgie

1 year ago

Oooh, trick question! The answer is obviously A) Identification of controls. How else are you gonna audit something without knowing the rules? *winks*

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Tess

1 year ago

I'm pretty sure it's D) Review of resources.

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Wenona

1 year ago

Actually, I believe it's B) Scope establishment.

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Leoma

1 year ago

No way, it's definitely A) Identification of controls.

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Melodie

1 year ago

I think the answer is C) Risk assessment.

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Mireya

1 year ago

I agree with Mireya, you need to know the controls before setting the audit objectives.

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Lura

1 year ago

No way, it's definitely A) Identification of controls.

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Jessenia

1 year ago

I think the answer is C) Risk assessment.

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Van

1 year ago

Hmm, I'm gonna go with D) Review of resources. Gotta make sure you have the team and tools to achieve those objectives, right?

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Naomi

1 year ago

D) Review of resources is definitely key, can't achieve much without the right support.

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Alpha

1 year ago

C) Risk assessment is crucial to understand the potential areas of concern.

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Walker

1 year ago

A) Identification of controls is important too, you need to know what you're working with.

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Ligia

1 year ago

B) Scope establishment makes the most sense to me. You gotta know what you're looking at before you can set objectives.

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Troy

1 year ago

Reviewing resources is important too, it helps in planning the audit engagement.

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Ardella

1 year ago

Actually, identifying controls should come before setting the scope.

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Mozell

1 year ago

But don't we need to assess the risks before deciding on the scope?

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Elroy

1 year ago

I agree, setting the scope first helps focus the objectives.

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Alisha

2 years ago

I'm not sure, but I think it makes sense to assess risks before defining the audit objectives.

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Maddie

2 years ago

I think the correct answer is C) Risk assessment. It's the foundation for establishing meaningful audit objectives.

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Judy

1 year ago

Yes, without understanding the risks involved, it would be difficult to determine the focus of the audit.

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Tarra

1 year ago

I agree, risk assessment is crucial before setting audit engagement objectives.

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Cecilia

1 year ago

I think the correct answer is C) Risk assessment. It's the foundation for establishing meaningful audit objectives.

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Aleshia

2 years ago

I agree with Leonor, because assessing risks helps in setting the audit engagement objectives.

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Leonor

2 years ago

I think the answer is C) Risk assessment.

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