IIA-CHAL-QISA Exam - Topic 3 Question 19 Discussion

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

Question #: 19
Topic #: 3

Which of the following is most appropriate for internal auditors to do during the internal audit recommendations monitoring process?

AReport the monitoring status to senior management when requested.

BAssist management with implementing corrective actions.

CDetermine the frequency and approach to monitoring

DInclude all types of observations in the monitoring process

Show Suggested Answer

Suggested Answer: A

Verification of Controls: The auditor should verify that the new IT system addresses the previously identified risks. This involves reviewing the system documentation and ensuring that the controls in the new system effectively mitigate the risks.

Reporting: Once the auditor has confirmed that the new system controls address the risks, they can report to senior management and close the outstanding issue, ensuring that all audit recommendations are appropriately resolved.

Other Options:

Accepting Management's Explanation: Without verification (option B) is not appropriate as it may leave risks unmitigated.

Escalating Without Verification: Advising management and escalating (option C) is premature if the new system may already address the issues.

Detailed Process Evaluation: Requiring additional details about the process (option D) may be unnecessary if the auditor can verify the controls directly.

by Adelaide at Dec 06, 2024, 02:21 PM

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Erasmo

3 months ago

B is the best choice, hands-on help is crucial!

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Kathryn

4 months ago

Surprised that D is even an option, not all observations are relevant!

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Elbert

4 months ago

C seems a bit vague, how do they decide that?

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Tonette

4 months ago

Definitely agree with A, senior management needs updates!

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Giovanna

4 months ago

I think option B is key for effective audits.

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Stephane

5 months ago

Including all types of observations seems a bit too broad for monitoring, so I’m leaning away from D, but I could be wrong.

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Stefanie

5 months ago

I feel like determining the frequency and approach to monitoring is crucial, which makes C a strong option, but I can't recall the specifics.

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Daniela

5 months ago

I remember a practice question that emphasized the importance of reporting to management, so maybe A is also a contender.

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Erick

5 months ago

I think option B might be the right choice since auditors often help with corrective actions, but I'm not entirely sure.

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Jesus

5 months ago

I'm leaning towards option B - assisting management with implementing corrective actions. That seems like a key part of the internal auditors' responsibilities during the recommendations monitoring process.

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Phil

5 months ago

Option D seems too broad - including all types of observations in the monitoring process. I think the internal auditors' role should be more targeted, like option C on determining the monitoring approach.

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James

5 months ago

Hmm, I'm a bit unsure about this one. I'm debating between options B and C. Assisting management with implementing corrective actions or determining the monitoring approach... I'll have to think this through carefully.

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Kenneth

5 months ago

I'm pretty confident on this one. I think the best approach is to focus on option C - determining the frequency and approach to monitoring. That seems to be the most appropriate role for internal auditors during the recommendations monitoring process.

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Lindsey

10 months ago

If I were an internal auditor, I'd make sure to keep a close eye on the implementation of those corrective actions. Gotta make sure management doesn't drop the ball!

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Leeann

9 months ago

B) Assist management with implementing corrective actions.

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Ranee

9 months ago

If management drops the ball, it could lead to serious issues.

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Adolph

9 months ago

C) Determine the frequency and approach to monitoring

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Melvin

9 months ago

B) Assist management with implementing corrective actions.

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Devorah

9 months ago

A) Report the monitoring status to senior management when requested.

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Candida

10 months ago

Option C is the clear winner here. Auditors need to take charge of the monitoring process, not just react to management's requests.

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Lorean

10 months ago

I'm going with A. Reporting the monitoring status to senior management is a crucial part of the process.

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Luisa

9 months ago

C) Determine the frequency and approach to monitoring

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Elliot

9 months ago

That's a good choice. Keeping senior management informed is important.

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Nicolette

9 months ago

A) Report the monitoring status to senior management when requested.

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Maynard

11 months ago

D seems a bit too broad. I'd say we should focus the monitoring on the key observations that need to be addressed.

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Kristian

9 months ago

C) Determine the frequency and approach to monitoring

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Paulina

9 months ago

B) Assist management with implementing corrective actions.

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Mickie

9 months ago

A) Report the monitoring status to senior management when requested.

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Dahlia

9 months ago

I agree, focusing on key observations is crucial for effective monitoring.

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Isadora

10 months ago

C) Determine the frequency and approach to monitoring

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Willodean

10 months ago

B) Assist management with implementing corrective actions.

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Novella

10 months ago

A) Report the monitoring status to senior management when requested.

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Elvera

11 months ago

B looks like the right choice to me. Assisting management with corrective actions is a key part of the recommendations monitoring process.

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Magda

11 months ago

I think option C is the most appropriate. Internal auditors should determine the frequency and approach to monitoring to ensure the recommendations are being properly implemented.

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