IIA-CRMA Exam - Topic 6 Question 14 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 14
Topic #: 6

According to The IIA's Code of Ethics, which of the following statements is true?

AWhen an internal auditor releases required information to a regulator, resulting in a significant loss through fines and penalties for the organization, he fails to add value.

BWhen an internal auditor limits the scope of the audit engagement after learning that management is hiding relevant information, he demonstrates integrity.

CWhen an internal auditor disagrees with the treatment received by workers in the organization's foreign subsidiary and alters the audit program to highlight the issue, he fails to demonstrate objectivity.

DWhen an internal auditor continues with an audit engagement, despite the audit client's claims that the work performed is unnecessary and redundant he fails to demonstrate competency.

Show Suggested Answer

Suggested Answer: C

by Leslie at May 06, 2022, 10:25 PM

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Adell

5 months ago

C is a tricky one, but I think it’s about balance in objectivity.

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Lea

5 months ago

D seems right, competency is about knowing when to push back.

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Levi

5 months ago

Wait, how can limiting the audit show integrity? Sounds off.

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Buck

5 months ago

I disagree with A, transparency is key!

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Gwenn

6 months ago

A is definitely true, releasing info can hurt the org.

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Latonia

6 months ago

D feels tricky; I think competency is about knowing when to push back, so I’m not convinced that continuing the audit is a failure of competency.

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Bette

6 months ago

C sounds wrong to me because altering the audit program to address worker treatment seems like it shows concern for ethics, not a lack of objectivity.

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Margot

6 months ago

I'm not sure about B; limiting the scope seems like it could be a conflict with integrity, but I need to double-check that.

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Sarah

6 months ago

I think I remember that releasing information to regulators is actually part of our responsibility, so A might not be true.

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Mica

6 months ago

Ah, I know this one! The ITIL guiding principles are there to help organizations make good decisions and improve their service management practices. Option A looks like the right answer to me.

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Jackie

6 months ago

I feel a bit confused. TCP seems too basic for this. Maybe it's HTTP? I need to double-check on that.

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Marylyn

6 months ago

I'm confident I know the answer to this. The effect of a failure to provide for uncollectible accounts in the previous period should not be reflected as an adjustment to the opening balance of retained earnings.

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