IIA Exam IIA-CRMA Topic 10 Question 71 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 71
Topic #: 10

Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?

AThe CAE initials and dates every working paper after it has been reviewed.

BThe CAE completes an engagement working paper checklist.

CThe CAE prepares a memorandum discussing the results of the working paper review.

DThe CAE utilizes an external third party to make an objective recommendation after each working paper review.

Show Suggested Answer

Suggested Answer: B

by Ettie at Feb 09, 2024, 02:44 PM

Limited Time Offer

25%

Off

Get Premium IIA-CRMA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Tasia

3 months ago

I'd have to go with option A. The CAE initialing and dating every working paper? That's like the internal audit equivalent of signing your own yearbook.

upvoted 0 times

Lavonne

1 months ago

Using an external third party for every review seems excessive, I would go with option B.

upvoted 0 times

...

Rhea

1 months ago

I think option C makes more sense, discussing the results in a memorandum provides a clear record.

upvoted 0 times

...

Judy

1 months ago

User 3: I think it's important for the CAE to personally review and sign off on the working papers.

upvoted 0 times

...

Temeka

2 months ago

User 2: Yeah, it's a common way to show supervisory review.

upvoted 0 times

...

Linwood

2 months ago

I agree, it does seem a bit redundant.

upvoted 0 times

...

Rima

2 months ago

User 1: I agree, option A seems like a pretty standard practice.

upvoted 0 times

...

Latosha

3 months ago

Option D is clearly the answer. Bringing in a third party? That's like hiring a babysitter to watch your babysitter. Talk about micromanagement!

upvoted 0 times

...

Jamika

3 months ago

Hmm, I'm not sure. Option C, preparing a memorandum, sounds like it could be a standard technique. Maybe the CAE likes to leave a paper trail.

upvoted 0 times

Flo

1 months ago

User4: The CAE initials and dates every working paper after review, that seems like a solid technique.

upvoted 0 times

...

Marleen

1 months ago

User3: I'm not so sure, maybe the CAE prefers using an external third party for recommendations.

upvoted 0 times

...

Wilda

2 months ago

User2: I agree, preparing a memorandum seems like a common practice.

upvoted 0 times

...

William

2 months ago

User1: I think option C is a standard technique.

upvoted 0 times

...

Sherell

3 months ago

I'm leaning towards option B. Completing an engagement working paper checklist seems like a pretty standard way for the CAE to document their review.

upvoted 0 times

Lonny

2 months ago

I think option D is also a valid choice, having an external third party provide an objective recommendation adds another layer of assurance.

upvoted 0 times

...

Dulce

2 months ago

I agree, option B does seem like a common way for the CAE to provide evidence of their review.

upvoted 0 times

...

Marshall

3 months ago

I think option D is the correct answer. Using an external third party to review the working papers would not be a standard technique for the CAE to provide evidence of supervisory review.

upvoted 0 times

...