IIA Exam IIA-CIA-Part1 Topic 7 Question 65 Discussion

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

Question #: 65
Topic #: 7

An engagement supervisor noted that an internal auditor's personal relationship with a process owner resulted in the auditor providing a favorable and partial assessment during an audit within that process owner's are

a. According to MA guidance, which of the following should be used to manage this impairment?

AAn internal audit charter.

BAn employee disciplinary policy.

CA functional audit committee.

DA functional reporting placement.

Show Suggested Answer

Suggested Answer: C

by Mammie at Oct 19, 2024, 11:02 AM

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Pura

16 days ago

Ah, the age-old problem of auditors getting a little too cozy with the process owners. I bet the answer is a functional reporting placement, but I'm tempted to choose the employee disciplinary policy just to see the look on the process owner's face.

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Chandra

27 days ago

I'm totally stumped on this one. Maybe we should just flip a coin and call it a day? Seriously though, I think a functional reporting placement is the way to go, but I'm open to other opinions.

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Mariann

1 months ago

Haha, an internal audit charter? That's like trying to put out a fire with a feather duster. I think a functional reporting placement is the way to go here.

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Ora

1 days ago

An internal audit charter is important too, it sets the tone for the audit function.

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Herminia

9 days ago

I agree, a functional reporting placement would help maintain independence and objectivity.

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Brinda

1 months ago

An employee disciplinary policy? Really? That seems a bit extreme for this situation. I'd go with a functional audit committee to help provide some oversight and ensure the assessment is fair and impartial.

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Tawny

1 months ago

Wow, this is a tough one. I think a functional reporting placement would be the best way to manage this impairment, but I'm not entirely sure. Guess I'll have to do some more research on the MA guidance.

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