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IIA Exam IIA-IAP Topic 2 Question 1 Discussion

Actual exam question for IIA's IIA-IAP exam
Question #: 1
Topic #: 2
[All IIA-IAP Questions]

Information collected and documented in audit workpapers should be sufficient to:

Show Suggested Answer Hide Answer
Suggested Answer: C

Comprehensive and Detailed Step-by-Step Explanation:

Sufficient Documentation: Audit workpapers must support observations, conclusions, and recommendations made during the engagement and align with engagement objectives.


Other Options:

Option A: While following up on recommendations is important, workpapers primarily support observations and conclusions, not the implementation of management actions.

Option B: Repeatability is important but secondary to aligning documentation with objectives.

Thus, the correct answer is C. Support engagement observations and be consistent with engagement objectives.

by Sharen at Jan 27, 2025, 03:54 PM

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Derick
2 months ago
Yes, that's true. It's important for the audit workpapers to be reliable.
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Georgene
2 months ago
But shouldn't it also allow for the work to be repeated and achieve the same results?
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Fausto
2 months ago
I agree, it's important for the workpapers to be consistent with the objectives.
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Malika
2 months ago
Option B, for sure. Ain't no one got time for inconsistent engagement objectives. Might as well just hand the whole thing over to the janitor if that's the case.
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Cathrine
2 months ago
Ah, the age-old debate: should the workpapers be enough to confirm management's actions, or should they be ready for a total replay? Option B, my friends. Gotta love that 'repeat and achieve' vibe.
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Eliz
1 months ago
Good point. So maybe a combination of options B and C is the best approach.
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Oliva
1 months ago
True, but if we can repeat the work and get the same results, that also supports the engagement objectives.
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Felicitas
1 months ago
But what about option C? Don't you think the workpapers should support engagement objectives?
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Edna
2 months ago
I agree, option B is the way to go. Consistency is key.
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Derick
2 months ago
I think the information should support engagement objectives.
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Jennifer
3 months ago
Option A? Really? Sounds like management is trying to pull a fast one. Better make sure those workpapers can stand up to some serious scrutiny, folks.
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Daren
3 months ago
Option C all the way! Consistency is key, and those engagement objectives better be well-supported. No room for wishy-washy documentation here.
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Felicitas
3 months ago
Ah, the classic 'cover your tracks' strategy. Option B is the clear winner here. Can't have any surprises popping up later, right?
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Gracia
2 months ago
Absolutely, we need to make sure the work can be repeated and lead to the same conclusion every time.
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Maryrose
2 months ago
I agree, option B is definitely the way to go. Consistency is key.
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Nicolette
3 months ago
I think option B is the way to go. Gotta make sure those workpapers are rock-solid, you know? Repeating the process should be a breeze.
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Destiny
2 months ago
Rebecka: Absolutely, we need to make sure everything is well-documented and can stand up to scrutiny.
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Rebecka
2 months ago
User 2: Definitely, it ensures consistency and reliability in the audit process.
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Margurite
2 months ago
User 1: I agree, having workpapers that can be repeated for the same results is crucial.
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