IIA-CIA-Part2 Exam - Topic 5 Question 64 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam

Question #: 64
Topic #: 5

The chief audit executive (CAE) determined that the internal audit activity lacks the resources needed to complete the internal audit plan Which of the following would be the most appropriate action tor the CAE to take?

AUse guest auditors from within the organization, and leverage their experience by assigning them to lead engagements m areas where they previously worked

BOutsource some of the audits to the organization s external auditor who is already familiar with the organization

CInvite nonauditors to join the internal audit activity for a two-year rotational position, and assign them to join audit teams that are reviewing areas where they have no previous management responsibility

DRecruit recent college graduates and employ them as audit interns with an aim to offer permanent employment

Show Suggested Answer

Suggested Answer: C

by Dyan at Aug 31, 2023, 02:08 AM

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Vincent

4 months ago

Not sure about nonauditors in audit teams... seems like a bad idea.

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Myra

4 months ago

Bringing in recent grads could be a fresh perspective!

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Tawna

5 months ago

Wait, can guest auditors really lead engagements? Sounds risky.

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Gail

5 months ago

Agree, they already know the organization well!

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Katie

5 months ago

I think outsourcing to external auditors makes sense.

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Rikki

5 months ago

Recruiting interns sounds like a good long-term strategy, but I feel like it might not address the immediate resource gap we have right now.

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Geraldine

5 months ago

I'm a bit uncertain about inviting nonauditors for rotational positions. It could bring fresh perspectives, but I wonder if they would really add value to the audit process.

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Derrick

6 months ago

I think outsourcing to the external auditor could be a good idea, especially since they already know the organization. It reminds me of a similar question we practiced about using external resources effectively.

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Luisa

6 months ago

I remember we discussed the importance of leveraging existing resources, so option A seems like a practical choice, but I'm not sure if it would really solve the resource issue long-term.

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Wenona

6 months ago

Outsourcing to the external auditor is an interesting option, but I'll need to think about how that could impact independence and objectivity. I'll weigh that carefully.

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Paul

6 months ago

Using guest auditors from within the organization sounds like a good way to leverage existing expertise. I'll make sure to analyze the benefits and potential drawbacks of that approach.

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Jessenia

6 months ago

This seems like a straightforward question about how the CAE should address a resource shortage. I'll carefully consider the pros and cons of each option to determine the most appropriate action.

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Gary

6 months ago

Hmm, I'm a bit unsure about this one. There are a few different approaches the CAE could take, and I'll need to think through the implications of each before deciding.

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Breana

6 months ago

I'm a bit confused on the difference between field-level and role-level security. I'll need to review those concepts before I can confidently recommend a solution.

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Dean

6 months ago

I'm a little confused by the question. Can the lookup field or formula field also be used to match the data, or is the External ID field the only reliable option?

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Nathalie

6 months ago

Ah, I remember discussing this in class. I believe the correct answer is that an objective function is usually a function of several different MOEs.

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Amina

6 months ago

This question seems pretty straightforward. I think the control policy is the way to go since it's used to track and manage network characteristics.

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