Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

IIA Exam IIA-CIA-Part1 Topic 9 Question 28 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 28
Topic #: 9
[All IIA-CIA-Part1 Questions]

According to HA guidance, which of the following is true regarding independence and objectivity for small internal audit activities?

Show Suggested Answer Hide Answer
Suggested Answer: B

Contribute your Thoughts:

Katy
2 months ago
Wow, these options are like a choose-your-own-adventure book of bad decisions. I'm going with C, the only one that actually makes sense.
upvoted 0 times
...
Teresita
2 months ago
Seven years for an external assessment? That's like having your car inspected once every presidential term. Option D is a hard pass for me.
upvoted 0 times
Cordell
1 months ago
Having an external assessment more frequently can help ensure we are meeting the necessary standards.
upvoted 0 times
...
Dominga
1 months ago
I believe option C is the best choice, regardless of the size of the internal audit activity.
upvoted 0 times
...
Dalene
2 months ago
I think we should prioritize independence and objectivity in our internal audit activities.
upvoted 0 times
...
Iraida
2 months ago
I agree, seven years is too long between assessments.
upvoted 0 times
...
...
Veronica
2 months ago
Haha, a disclaimer on independence? Might as well just say 'We're not really independent, but we tried!' Option A is a bit of a joke.
upvoted 0 times
Samira
21 days ago
User 3: Maybe they should rethink that disclaimer.
upvoted 0 times
...
Nikita
22 days ago
User 2: I agree, it doesn't really scream independence.
upvoted 0 times
...
Belen
28 days ago
User 1: Option A is definitely not ideal.
upvoted 0 times
...
...
Ezekiel
3 months ago
I'm not sure about the details of HA guidance, but I think option B makes the most sense. Greater involvement of those with audit knowledge could help address independence concerns.
upvoted 0 times
Allene
27 days ago
True, but having an external assessment once every seven years, as mentioned in option D, could also be beneficial.
upvoted 0 times
...
Cortney
29 days ago
I think option C is important to remember, independence is not dependent on the size of the internal audit activity.
upvoted 0 times
...
Miriam
1 months ago
But what about option A? Including a disclaimer on independence could also help clarify the situation.
upvoted 0 times
...
Jeanice
1 months ago
I agree, option B does seem like a good way to address independence concerns.
upvoted 0 times
...
Tequila
2 months ago
I'm not sure about that, but it could be a good way to ensure transparency.
upvoted 0 times
...
Margot
2 months ago
But what about option A? Do you think including a disclaimer on independence in audit reports is necessary?
upvoted 0 times
...
Tran
3 months ago
I think having more people with audit knowledge involved could definitely help.
upvoted 0 times
...
Rickie
3 months ago
I agree, option B does seem like a good way to address independence concerns.
upvoted 0 times
...
...
Merissa
3 months ago
Option C seems to be the correct answer. The size of the internal audit activity doesn't matter when it comes to conformance with the Standards.
upvoted 0 times
Jeanice
3 months ago
That's right, independence and objectivity are important regardless of size.
upvoted 0 times
...
Carol
3 months ago
I agree, option C is correct. Size doesn't matter for conformance.
upvoted 0 times
...
...
Rodolfo
3 months ago
But doesn't the size of the internal audit activity impact independence and objectivity?
upvoted 0 times
...
Abel
4 months ago
I disagree, I believe the answer is C.
upvoted 0 times
...
Rodolfo
4 months ago
I think the answer is B.
upvoted 0 times
...

Save Cancel