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IIA-CRMA Exam - Topic 10 Question 89 Discussion

Actual exam question for IIA's IIA-CRMA exam
Question #: 89
Topic #: 10
[All IIA-CRMA Questions]

According to IIA guidance, which of the following statements describes one of the similarities between assurance and consulting services?

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Suggested Answer: A

by Viki at Sep 18, 2024, 11:10 PM

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Olga
6 months ago
I think A and D are pretty much the same in essence.
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Glendora
6 months ago
D makes sense, collaboration is essential in both types.
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Nana
6 months ago
Surprised to see C mentioned, isn't that a bit strict?
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Brandon
7 months ago
I disagree, B is more accurate since it focuses on objectives.
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Glennis
7 months ago
A is definitely true, planning is key for both services.
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Chauncey
7 months ago
I vaguely recall something about not providing services for activities we were responsible for, so C might be relevant, but I'm not entirely confident.
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Sue
7 months ago
I feel like I saw a question similar to this in our practice exams, and I think D makes sense because it involves multiple stakeholders.
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Coral
8 months ago
I'm a bit unsure, but I think B could also be a possibility since engagement objectives are crucial in both types of services.
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Denny
8 months ago
I remember discussing how both assurance and consulting services require understanding the organization's objectives, so I think A might be correct.
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Ronna
8 months ago
I feel pretty confident about this. The IIA guidance should provide a clear framework to identify the key similarity between assurance and consulting services.
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Delmy
8 months ago
This is a tricky one. I'm going to read through the options slowly and try to eliminate the ones that don't match the IIA guidance on the similarities.
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Leah
8 months ago
Okay, I've got a strategy. I'll start by identifying the core similarities, like the involvement of the internal auditor, the area under review, senior management, and the board.
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Titus
8 months ago
Hmm, I'm a bit unsure about this one. I'll need to carefully review the options and think through the differences between assurance and consulting services.
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Antonio
8 months ago
This question seems straightforward. I think the key is to focus on the similarities between assurance and consulting services based on the IIA guidance.
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Lakeesha
8 months ago
Hmm, I'm a bit unsure about the right order of steps for tailoring the COBIT structure. Let me think this through carefully.
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Jacqueline
2 years ago
I'm going with B. It's the only option that really highlights the internal auditor's role in both services. Seems the most comprehensive answer to me.
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Darrel
2 years ago
Option D all the way! It's like a one-stop shop for all your auditing needs, with everyone involved.
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Anissa
2 years ago
Having the internal auditor, area under review, senior management, and the board all on board is crucial for a successful audit.
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Gwenn
2 years ago
It's important to have everyone involved to ensure a comprehensive review.
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Arthur
2 years ago
I agree, option D covers all the key players in the auditing process.
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Lindsey
2 years ago
This is a tough one, but I'm leaning towards option A. Considering the strategies and objectives of the activity is crucial for both assurance and consulting engagements.
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Wynell
2 years ago
That's true, so option D could also be a valid choice.
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Edda
2 years ago
But don't forget that both assurance and consulting services involve the internal auditor, the area under review, senior management, and the board.
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Flo
2 years ago
I agree, that's a key similarity between assurance and consulting services.
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Nicolette
2 years ago
I think option A makes sense. It's important to consider the strategies and objectives of the activity.
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Lashaun
2 years ago
Hmm, I'm torn between B and D. But I think I'll go with D. It just makes sense that both services would involve all those key stakeholders.
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Marquetta
2 years ago
I'm going with option C. Internal auditors must not provide assurance or consulting services for an activity they were responsible for in the previous year. Gotta maintain that independence, you know?
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Desmond
2 years ago
That's a good point about maintaining independence. It's crucial for internal auditors to avoid conflicts of interest.
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Karina
2 years ago
D) Both assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.
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Danica
2 years ago
A) When planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.
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Kris
2 years ago
I'm not sure, but I think it's important to involve senior management and the board in both types of services.
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Esteban
2 years ago
Option B seems to be the right answer. The internal auditors are responsible for determining the engagement objectives, scope, and work program for both assurance and consulting services.
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Theola
2 years ago
I agree with Christiane, because both assurance and consulting services involve multiple parties.
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Casey
2 years ago
I think option D is the correct answer. Both assurance and consulting services involve the internal auditor, the area under review, senior management, and the board.
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Shaun
2 years ago
I see your point, but I still think option D is the best choice.
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Marion
2 years ago
I'm not sure, but I think option A could also be a possibility.
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Galen
2 years ago
Yes, I think so too. It makes sense that both services involve those key stakeholders.
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Emile
2 years ago
I agree, option D seems to be the most accurate.
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Christiane
2 years ago
I think the answer is D.
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