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IIA Exam IIA-CRMA Topic 6 Question 85 Discussion

Actual exam question for IIA's IIA-CRMA exam
Question #: 85
Topic #: 6
[All IIA-CRMA Questions]

An internal audit activity (IAA) provided assurance services for an activity it was responsible for during the preceding year.

As a result, which IIA Code of Ethics principle is presumed to be impaired?

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Suggested Answer: C

by Cherry at Aug 25, 2024, 03:15 PM

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Glory
30 days ago
I'm just wondering, did the IAA also do the hokey-pokey while they were at it? Talk about a lack of independence!
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Osvaldo
1 months ago
I'm going with D) Independence. It's like the old saying, 'can't bite the hand that feeds you.' If the IAA was responsible for the activity, there's no way they could remain independent in their evaluation. Classic case of a self-review threat.
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Luis
8 days ago
It's definitely a self-review threat when the IAA is responsible for the activity they are auditing.
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Freeman
11 days ago
I agree, D) Independence seems to be the most likely principle impaired in this situation.
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Brandee
1 months ago
Ah, I see what they're getting at. The key here is that the IAA was responsible for the activity it was assessing. That has to be a breach of C) Objectivity, right? No way you can be impartial in that situation.
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Kate
4 days ago
The IAA should have maintained independence to ensure unbiased assurance services. Objectivity is definitely impaired in this scenario.
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Kenny
10 days ago
It's a clear conflict of interest. Independence is crucial for maintaining objectivity in audit activities.
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Isadora
23 days ago
Yes, you're correct. Assessing your own work definitely goes against the principle of objectivity.
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Lorrine
2 months ago
Hmm, this is a tricky one. I'm leaning towards D) Independence, since the internal audit activity was responsible for the activity it provided assurance services for. That seems like a clear conflict of interest.
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Theron
12 days ago
Absolutely, without independence, the credibility of the audit findings could be compromised.
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Teddy
1 months ago
It's important for internal auditors to remain independent to ensure the integrity of their work.
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Lakeesha
1 months ago
Yes, I agree. Independence is crucial for maintaining objectivity in the audit process.
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Dana
1 months ago
I think you're right, D) Independence does seem to be impaired in this situation.
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Weldon
2 months ago
This question is testing our understanding of the IIA Code of Ethics. I think the answer is C) Objectivity, since providing assurance services for an activity you're responsible for would impair your ability to be objective.
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Felix
1 months ago
Yes, providing assurance services for an activity you're responsible for would definitely compromise your objectivity.
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Aleta
1 months ago
I think you're right, C) Objectivity is the correct answer.
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Casandra
2 months ago
I'm not sure, but I think D) Independence could also be impaired in this situation.
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Nydia
2 months ago
I agree with Noemi, because providing assurance services for an activity you are responsible for can compromise objectivity.
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Noemi
2 months ago
I think the answer is C) Objectivity.
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