IIA-CIA-Part1 Exam - Topic 2 Question 71 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 71
Topic #: 2

According to IIA guidance, which of the following would be the most appropriate to help a new internal auditor understand the nature and positioning of the internal audit activity within his organization?

AThe internal audit charter.

BExamples of internal audit reports.

CThe internal audit policy and procedures manual.

DThe IIA's International Professional Practices Framework.

Show Suggested Answer

Suggested Answer: A

The internal audit charter provides a formal definition of the internal audit activity's purpose, authority, and responsibility. It is foundational for helping new auditors understand their role and how internal audit functions within the organization.

by Raelene at Mar 04, 2025, 04:06 PM

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Gabriele

6 months ago

Not sure if the charter is enough on its own, though.

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Arthur

6 months ago

The policy and procedures manual is key too, but charter first!

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Gilma

6 months ago

Wait, isn't the IIA's framework more about standards than positioning?

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Dallas

6 months ago

I think examples of internal audit reports are more helpful.

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Margret

6 months ago

Definitely the internal audit charter! It's essential for understanding the role.

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Jaclyn

7 months ago

I keep going back and forth between the internal audit charter and the policy manual. I guess the charter outlines the purpose, but the manual has the procedures, right?

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Dell

7 months ago

I feel like the IIA's International Professional Practices Framework could be useful, but it might be too broad for someone just starting out.

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Glendora

7 months ago

I remember practicing a question similar to this, and I think the internal audit policy and procedures manual might provide a lot of context for a new auditor.

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Heidy

7 months ago

I think the internal audit charter is really important for understanding the role of internal audit, but I'm not entirely sure if it's the most appropriate choice here.

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Jillian

7 months ago

I'm leaning towards the internal audit charter, but the IIA's International Professional Practices Framework could also provide valuable context on the nature and positioning of internal audit. I'll have to think this through carefully.

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Margot

7 months ago

The internal audit charter is the way to go here. It outlines the purpose, authority, and responsibility of the internal audit function, which is exactly what a new auditor needs to understand their role and position within the organization.

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Kimberlie

7 months ago

I'm not entirely sure about this one. The internal audit policy and procedures manual could also be helpful, but the charter seems like the best option based on the guidance provided.

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Wei

7 months ago

The internal audit charter would be the most appropriate document to help a new internal auditor understand the nature and positioning of the internal audit activity within the organization.

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