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IIA Exam IIA-CIA-Part1 Topic 1 Question 77 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 77
Topic #: 1
[All IIA-CIA-Part1 Questions]

Due to the increased operational responsibility of the CEO the chief audit executive (CAE) of an organization currently reports to the chief financial officer (CFO) What is the likely impact of such a situation?

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Suggested Answer: A

Contribute your Thoughts:

Willodean
23 hours ago
I think the impact could be limitation in the scope of engagements.
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Laurena
9 days ago
I agree with Tamie. The CAE should report directly to the Board or Audit Committee to ensure objectivity and independence.
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Tamie
11 days ago
Option A seems the most likely. The CAE's independence could be compromised if they report to the CFO, limiting the scope of their audits.
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