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IIA Exam IIA-CIA-Part2 Topic 8 Question 87 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam
Question #: 87
Topic #: 8
[All IIA-CIA-Part2 Questions]

According to IIA guidance, which of the following steps should precede the development of audit engagement objectives?

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Suggested Answer: C

by Verona at Sep 19, 2024, 07:04 AM

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Lucille
2 months ago
Risk assessment - the crystal ball of the audit world. Might as well consult the tea leaves while you're at it.
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Cary
10 days ago
D) Review of resources.
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Arlene
14 days ago
C) Risk assessment.
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Merlyn
1 months ago
C) Risk assessment.
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Lavera
1 months ago
B) Scope establishment.
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Iraida
1 months ago
B) Scope establishment.
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Barney
1 months ago
A) Identification of controls.
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Alyssa
2 months ago
A) Identification of controls.
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Jacklyn
2 months ago
Just don't forget to factor in the resources available. Gotta be realistic, you know?
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Roosevelt
2 months ago
B) Scope establishment.
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Yolande
2 months ago
A) Identification of controls.
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Mohammad
2 months ago
C) Risk assessment.
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Lynsey
3 months ago
Risk assessment is the way to go. Can't have objectives without understanding the potential issues first.
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Pura
1 months ago
Once we know the risks, we can then establish our audit engagement objectives.
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Melynda
1 months ago
C) Risk assessment is definitely the first step.
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Gwen
2 months ago
Agreed, understanding the risks is crucial before setting objectives.
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Hector
3 months ago
C) Risk assessment.
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Vinnie
3 months ago
Hmm, I was thinking scope establishment might come first, but risk assessment makes more sense as the foundation.
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Mable
2 months ago
C) Risk assessment.
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Leigha
2 months ago
A) Identification of controls.
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Thea
3 months ago
I agree, C is the correct answer. You gotta know the risks before you can determine your audit objectives.
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Trina
3 months ago
Risk assessment is definitely the first step before setting engagement objectives. It helps us identify the key areas of focus.
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Adolph
2 months ago
B) Scope establishment.
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Claribel
2 months ago
A) Identification of controls.
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Jacquline
3 months ago
C) Risk assessment.
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Carole
3 months ago
I'm not sure, but I think it makes sense to assess risks before setting objectives.
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Luisa
4 months ago
I agree with Ronnie, because assessing risks helps in setting the audit objectives.
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Ronnie
4 months ago
I think the answer is C) Risk assessment.
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