IIA-CIA-Part1 Exam - Topic 5 Question 78 Discussion

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

Question #: 78
Topic #: 5

Which statement accurately describes the authority of the internal audit activity as outlined in the audit charter?

AThe chief audit executive (CAE) shall report directly to the board and administratively to the CEO.

BThe CAE shall provide senior management and the board with performance updates quarterly.

CThe internal audit team shall have full access to the organization's records, physical property, and personnel required to conduct audit engagements.

DThe internal audit activity shall maintain a quality assurance and improvement program in conformance with the Standards.

Show Suggested Answer

Suggested Answer: C

by Torie at Aug 01, 2025, 09:20 AM

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German

3 months ago

Wait, can the internal audit team really access everything? Sounds too good to be true!

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Elfriede

4 months ago

I think quarterly updates are a must for transparency.

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Pansy

4 months ago

The CAE does report to the board, that's a fact.

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Emmett

4 months ago

Quality assurance programs are important, but do they really follow the Standards all the time?

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Holley

4 months ago

Totally agree, access to records is crucial for effective audits!

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Ranee

4 months ago

I feel like option B is less about authority and more about communication. I don’t remember it being a key point in the charter discussions we had.

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Rikki

5 months ago

I’m a bit confused about the quality assurance part in option D. I know it’s important, but I can’t recall if it’s specifically mentioned in the audit charter.

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Galen

5 months ago

I think option C sounds right because internal auditors need access to everything to do their job properly. I saw a similar question in our practice exam.

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Nobuko

5 months ago

I remember discussing the importance of the CAE's reporting structure in class, but I'm not sure if it’s directly to the board or just to senior management.

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Mattie

5 months ago

The key here is understanding the requirements outlined in the audit charter. I'm pretty confident that option A correctly describes the reporting structure for the chief audit executive.

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Carmelina

5 months ago

I'm a bit confused by the wording of these answer choices. I'll need to re-read the question and options carefully to make sure I understand what they're asking.

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Wilbert

6 months ago

Ah, I know this one! The internal audit team needs to have full access to the organization's records and personnel in order to effectively conduct their audits. Option C is the clear answer here.

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Mari

6 months ago

Hmm, this is a tricky one. I'm not entirely sure about the reporting structure for the chief audit executive. Let me think this through step-by-step.

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Luther

6 months ago

This seems like a straightforward question about the authority of the internal audit activity. I'll need to carefully review the audit charter details to determine the correct answer.

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