IIA Exam IIA-CRMA Topic 9 Question 54 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 54
Topic #: 9

According to IIA guidance, which of the following must internal auditors consider to conform with the requirements for due professional care during a consulting engagement?

1. The cost of the engagement, as it pertains to audit time and expenses in relation to the potential benefits.

2. The needs and expectation of clients, including the nature, timing, and communication of engagement results.

3. The application of technology-based audit and other data analysis techniques, where appropriate.

4. The relative complexity and extent of work needed to achieve the engagement's objectives.

A1, 2, and 3

B1, 2, and 4

C1, 3, and 4

D2, 3, and 4

Show Suggested Answer

Suggested Answer: D

by Venita at Jan 09, 2023, 01:47 AM

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Alyssa

2 months ago

Wait, so the internal auditors have to consider the cost, the clients, the tech, and the workload? Sounds like they need a professional juggling certification too!

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Dannie

2 months ago

I'm leaning towards C. Considering the cost, technology, and complexity of the work seems like the logical choice to me.

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Elouise

29 days ago

Yeah, it's important to take all those factors into account to deliver a successful consulting engagement.

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Dortha

1 months ago

I agree, it seems like a well-rounded approach to ensuring due professional care.

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Jennie

2 months ago

I think C makes sense too. It covers a good range of considerations.

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Marlon

3 months ago

Haha, this question is a real head-scratcher! I bet the exam writers had a field day trying to stump us with this one.

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Lizette

1 months ago

I agree, considering the cost, client needs, and technology is crucial.

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Theola

1 months ago

I think the answer is A) 1, 2, and 3.

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Caitlin

2 months ago

I know, this question really makes you think!

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Willodean

3 months ago

I would go with D. Technology-based audit techniques are a must these days, so that has to be part of the answer.

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Laquanda

25 days ago

Yes, that makes sense. So D it is.

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Janna

26 days ago

But we also need to consider the needs and expectations of clients, so 2 must be included.

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Vallie

27 days ago

I agree, technology is becoming more important in auditing.

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Denny

1 months ago

I think D is the correct answer. Technology-based audit techniques are essential.

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Theola

1 months ago

So, the answer should be D, considering all these factors.

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Annabelle

2 months ago

That's true. We can't forget about the cost of the engagement either.

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Wade

2 months ago

I agree, but we also need to consider the needs and expectations of clients.

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Blossom

2 months ago

I think D is the correct answer. Technology-based audit techniques are essential.

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Dortha

3 months ago

I believe the correct answer is A) 1, 2, and 3 because all those elements are essential for meeting the requirements for due professional care.

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Loreta

3 months ago

Hmm, I think the answer is B. The question specifically mentions considering the cost, client needs, and complexity of the work, which aligns with options 1, 2, and 4.

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