IIA-CHAL-QISA Exam - Topic 2 Question 4 Discussion

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

Question #: 4
Topic #: 2

The internal audit activity is asked to review the effectiveness of controls around the disposal of chemical waste. However, the internal auditors on staff lack the necessary skills to conduct this review Which of the following would be the most appropriate approach?

AAn internal auditor who recently attended a three-day workshop on chemical waste disposal, and therefore has the most knowledge on the topic, should lead the engagement.

BA team of available internal auditors should be assembled and should consult with an external nonaudit expert on chemical waste disposal to plan and conduct the engagement.

CA team of the most knowledgeable auditors could be assembled and use the engagement work program from the previous year to gather additional insight regarding recommended audit procedures

DA nonaudit employee from the chemical disposal area may share his expertise with the audit team, provided the internal audit manager conducts a detailed review of all engagement work performed.

Show Suggested Answer

Suggested Answer: B

Skill Gap Identification: Internal auditors lack the necessary expertise in chemical waste disposal.

Consulting Experts: Engaging an external nonaudit expert ensures that the internal audit team receives the necessary technical knowledge to conduct an effective review.

Team Assembly: By assembling a team of internal auditors and consulting an external expert, the organization leverages both internal audit capabilities and external technical expertise.

Ensuring Competence: This approach ensures that the internal audit activity complies with the IIA Standards, specifically Standard 1210 -- Proficiency, which requires internal auditors to possess the knowledge, skills, and other competencies needed to perform their responsibilities.

IIA Standard 1210 -- Proficiency .

by Jaclyn at Jul 03, 2024, 03:57 AM

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Cory

4 months ago

Chemical waste disposal is super complex; we need real expertise!

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Wilda

4 months ago

D is risky. Relying on a nonaudit employee might lead to bias.

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Felix

4 months ago

Wait, can a three-day workshop really prepare someone for this?

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Geraldo

4 months ago

I disagree, A could work if the workshop was thorough enough.

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Lili

4 months ago

B seems like the best option. Teamwork and expert advice are key!

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Therese

5 months ago

I vaguely recall that relying solely on internal resources can be risky, so I’m not sure about option D. It feels like it could lead to bias without proper oversight.

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Anastacia

5 months ago

I think we practiced a similar question where collaboration with external experts was emphasized. Option B seems like the best approach to ensure thoroughness.

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Jesusita

5 months ago

I'm not entirely sure, but I feel like just having one auditor with some training, like in option A, might not be enough for something as critical as chemical waste disposal.

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Gertude

5 months ago

I remember discussing the importance of having the right expertise for specialized audits, so I think option B makes sense.

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Lisbeth

5 months ago

I feel pretty confident about this one. I recently attended a workshop on chemical waste disposal, so I think option A would be the best approach. I have the most relevant knowledge to lead this engagement effectively.

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Linwood

5 months ago

I'm a bit confused by this question. I don't have much experience with chemical waste disposal, so I'm not sure I'd be the best person to lead this engagement. Maybe option C, where we use last year's work program as a starting point, could be a good way to get up to speed quickly.

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Loreta

5 months ago

This seems like a tricky one. I'm not sure I have the right expertise to tackle this audit, but I think option B might be the best approach. Getting an external expert to help plan and conduct the engagement could really strengthen our review.

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Luz

5 months ago

This is definitely outside my comfort zone, but I think option D could be worth considering. Having a subject matter expert from the chemical disposal area work with the audit team could be really valuable, as long as the manager reviews everything carefully.

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Tess

6 months ago

Okay, let's see. The first option about transaction speed seems like it could potentially be handled by the GSCs, but I'm not certain. The other options seem to require additional capabilities beyond just the GSCs.

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Adelaide

6 months ago

Hmm, this question seems a bit tricky. I'll need to carefully read through the options and think about the implications of backordering items.

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Leoma

2 years ago

I gotta say, the idea of a non-auditor sharing their knowledge without supervision is making me feel a bit queasy, like the chemical waste itself. Hard pass on that one.

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Chun

2 years ago

Ooh, option B sounds like the perfect blend of internal and external expertise. It's like a chemical waste disposal dream team!

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Joni

2 years ago

Yes, it's important to make sure we have the right expertise to effectively review the controls around chemical waste disposal.

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Latrice

2 years ago

Definitely, it's important to make sure we have the right skills and knowledge to conduct a review of this nature.

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Chaya

2 years ago

Plus, consulting with someone who specializes in chemical waste disposal could provide valuable insights that our internal auditors may not have.

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Lavera

2 years ago

I agree, having an external nonaudit expert could really help ensure that the review is thorough and effective.

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Salome

2 years ago

I agree, having an external expert could really help ensure we cover all bases in the audit.

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Lilli

2 years ago

Option B does sound like a great idea. It's always good to have a mix of internal and external knowledge.

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Willis

2 years ago

Yes, it's important to make sure the audit is conducted effectively, especially when the internal auditors lack the necessary skills.

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Ira

2 years ago

I agree, having an external nonaudit expert could really help ensure a thorough review of the controls around chemical waste disposal.

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Celestine

2 years ago

Option B does sound like a great idea. It's always good to have a mix of internal and external expertise.

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Crista

2 years ago

Option B does sound like a great idea. It's always good to have a mix of internal and external expertise.

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Adelina

2 years ago

I prefer option B as well, having a team consult with an external expert would provide a more comprehensive review.

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Shaun

2 years ago

I believe option A could also work, as the auditor who attended the workshop would have the most knowledge.

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Mabelle

2 years ago

I agree with Della, consulting with an external expert would ensure a thorough review.

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Vincent

2 years ago

D? Really? Letting a non-auditor share their expertise without proper oversight? That's a disaster waiting to happen. Hard pass on that one.

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Tegan

2 years ago

B) A team of available internal auditors should be assembled and should consult with an external nonaudit expert on chemical waste disposal to plan and conduct the engagement.

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Ezekiel

2 years ago

A) An internal auditor who recently attended a three-day workshop on chemical waste disposal, and therefore has the most knowledge on the topic, should lead the engagement.

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Jacklyn

2 years ago

I don't know, option A seems a bit risky. A three-day workshop doesn't necessarily make someone an expert on chemical waste disposal. Better to bring in a true specialist.

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Solange

2 years ago

D) A nonaudit employee from the chemical disposal area may share his expertise with the audit team, provided the internal audit manager conducts a detailed review of all engagement work performed.

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Dolores

2 years ago

C) A team of the most knowledgeable auditors could be assembled and use the engagement work program from the previous year to gather additional insight regarding recommended audit procedures

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Lili

2 years ago

B) A team of available internal auditors should be assembled and should consult with an external nonaudit expert on chemical waste disposal to plan and conduct the engagement.

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Della

2 years ago

I think option B is the best approach.

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Donte

2 years ago

Option C seems like a logical choice to me. Using the previous year's work program as a starting point and supplementing it with additional insight is an efficient way to conduct the review.

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Monte

2 years ago

I think option B is the best approach. Bringing in an external expert to assist the internal auditors is a smart move to ensure the review is thorough and accurate.

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Rosalia

2 years ago

It's important to make sure the internal auditors have the necessary expertise to conduct a thorough review.

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Louvenia

2 years ago

I agree, having an external expert involved will definitely add value to the review process.

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