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IIA Exam IIA-CRMA Topic 5 Question 62 Discussion

Actual exam question for IIA's IIA-CRMA exam
Question #: 62
Topic #: 5
[All IIA-CRMA Questions]

An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?

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Suggested Answer: B

by Carin at Jul 26, 2023, 11:57 AM

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Rodrigo
3 months ago
The Effect section, of course! That's where the auditor needs to rate the impact of the findings. Looks like someone needs to brush up on their auditing skills.
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Bok
1 months ago
C) Effect section.
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Jill
2 months ago
B) Criteria section.
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Beckie
2 months ago
A) Condition section.
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Tamera
3 months ago
Hmm, I'd say the Cause section. That's where the new auditor should have quantified the risk, right? Seems like a rookie mistake.
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Glenn
3 months ago
I bet the new auditor was too busy playing Tetris during the training to pay attention to the risk assessment part. Gotta stay focused, kiddo!
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Eloisa
2 months ago
C) Effect section.
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Stephanie
2 months ago
B) Criteria section.
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Keith
2 months ago
A) Condition section.
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Laquita
3 months ago
The new auditor needs to modify the Risk Assessment section. Duh, it's so obvious! How can you miss that?
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Tegan
3 months ago
C) Effect section.
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Rodney
3 months ago
A) Condition section.
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Camellia
4 months ago
Yes, the auditor should provide a clear assessment of the risks in the Condition section for better understanding.
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Lavera
4 months ago
I agree with Ailene. The Condition section should include rating or quantification of the risk assessment results.
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Ailene
4 months ago
I think the new auditor needs to modify the Condition section.
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