IIA Exam IIA-CIA-Part1 Topic 9 Question 64 Discussion

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

Question #: 64
Topic #: 9

An external assessment was performed as part of the organization's quality assurance and improvement program. Which of the following conclusions confirms that the internal audit activity is in conformance with the Standards'?

AThe chief audit executive is well qualified and has responsibilities over operational areas that the internal audit activity assesses.

BPeriodic self-assessments are assigned to entry-level internal audit staff to support their continuing professional development.

CAll audit workpapers are reviewed and signed by the engagement supervisor before the audit report is issued.

DEmployees who rotate into the internal audit activity from other areas of the organization are assigned to audit areas where they previously worked, to take advantage of their operational expertise and experience.

Show Suggested Answer

Suggested Answer: C

by Sharee at Sep 15, 2024, 05:38 PM

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Cecil

10 months ago

Ha! Putting the chief audit executive in charge of operational areas they're assessing? That's a recipe for disaster. Option A is a big no-no in my book.

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Nell

9 months ago

Yes, that provides an additional layer of oversight and helps maintain quality assurance.

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Tamesha

9 months ago

I think option C is a better choice, ensuring workpapers are reviewed and signed by the engagement supervisor.

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Bette

9 months ago

Definitely, it goes against the independence and objectivity required for internal audit activities.

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Brinda

9 months ago

I agree, having the chief audit executive in charge of operational areas they assess is a conflict of interest.

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Delmy

10 months ago

Because having a qualified chief audit executive with responsibilities over operational areas ensures conformance with the Standards.

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Carlton

10 months ago

I'm going with C. Gotta love a good old-fashioned quality control check before the report goes out. Keeps the auditors on their toes, you know?

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Lashawn

10 months ago

Why do you think that?

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Murray

10 months ago

Option B is definitely not the right answer. Assigning self-assessments to entry-level staff doesn't exactly scream 'conformance with the Standards'.

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Delmy

10 months ago

I disagree, I believe the correct answer is A.

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Melinda

10 months ago

I don't know, option D seems like a good idea to me. Using the operational expertise of employees rotated in from other areas could really strengthen the audit process.

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Justine

9 months ago

It's important to leverage the experience of employees who have worked in different areas to enhance the internal audit activity.

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Felicitas

9 months ago

I agree, utilizing the operational knowledge of employees from other areas could provide a fresh perspective on the audit process.

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Tegan

9 months ago

Option D does sound like a good idea. It could definitely bring in some valuable expertise.

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Lonna

10 months ago

I'm pretty sure the correct answer is C. Having the audit workpapers reviewed and signed by the engagement supervisor is a clear indication that the internal audit activity is in conformance with the Standards.

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