IIA Exam IIA-CHAL-QISA Topic 2 Question 22 Discussion

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

Question #: 22
Topic #: 2

According to IIA guidance, which of the following most appropriately justifies the CEO's decision that the internal audit activity shall be responsible for risk management and Investigation at multinational organization?

AThe recommendation of the parent office external auditors.

BThe provisions of the internal audit charter.

CThe authority of the CEO.

DThe level of proficiency of the chief audit executive

Show Suggested Answer

Suggested Answer: C

Professional Responsibility: Internal auditors are expected to demonstrate their commitment to professional standards and ethics.

Code of Ethics: The IIA's Code of Ethics outlines principles that internal auditors must follow, including integrity, objectivity, confidentiality, and competency.

Annual Declaration: Signing an annual declaration reinforces the auditor's commitment to these principles and ensures ongoing adherence to the professional standards.

Demonstration of Due Care: By signing this declaration, auditors formally acknowledge their responsibility to uphold ethical standards, which is a demonstration of due professional care.

The IIA's Code of Ethics.

The IIA's International Standards for the Professional Practice of Internal Auditing.

by Georgiann at Feb 10, 2025, 05:19 PM

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Evangelina

1 months ago

The CEO must have a strong reason for this decision. Option C (the CEO's authority) is tempting, but Option B seems like the better choice. Although, if I were the CEO, I'd probably just say 'Because I said so!' and call it a day.

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Cary

1 months ago

Hmm, the external auditors' recommendation (Option A) could also be a valid justification. But the internal audit charter (Option B) is probably the most appropriate one.

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Hyman

2 days ago

The level of proficiency of the chief audit executive is also important in this decision.

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Tamar

6 days ago

I agree, the CEO's decision should align with the provisions of the internal audit charter.

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Daniela

8 days ago

The level of proficiency of the chief audit executive could also play a role in this decision.

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Lennie

19 days ago

I think the internal audit charter is the most appropriate justification.

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Micah

1 months ago

I agree, the CEO's decision should align with the provisions of the internal audit charter.

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Julie

1 months ago

I think the internal audit charter is the most appropriate justification.

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Elsa

2 months ago

While the CEO's authority is important, I think the provisions of the internal audit charter (Option B) provide the strongest justification for this decision.

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Jimmie

2 months ago

The internal audit charter should clearly define the responsibilities of the internal audit activity. Option B seems the most appropriate justification here.

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