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IIA Exam IIA-IAP Topic 5 Question 7 Discussion

Actual exam question for IIA's IIA-IAP exam
Question #: 7
Topic #: 5
[All IIA-IAP Questions]

Which of the following statements is true regarding engagement status meetings?

Show Suggested Answer Hide Answer
Suggested Answer: A

Comprehensive and Detailed Step-by-Step Explanation:

Enhancing Relationships: Status meetings facilitate two-way communication, keeping management informed about audit progress and fostering collaboration. Open discussions during these meetings help address concerns and strengthen the relationship between internal audit and management.


Other Options:

Option B: Status meetings should involve two-way communication, not just updates from auditors.

Option C: The chief audit executive and senior management are typically involved in higher-level discussions, not routine engagement status meetings.

Thus, the correct answer is A.

by Ricarda at Feb 06, 2025, 03:15 PM

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Lai
3 months ago
I'm not sure, but I think C could also be correct because involving senior management is important for decision-making.
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Joanne
3 months ago
I agree with Mary, because engagement status meetings are meant to improve relationships.
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Frederic
3 months ago
Engagement status meetings? More like 'engagement awkward silence' meetings, am I right?
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Carmela
3 months ago
A) They are expected to enhance the relationships between the internal audit activity and management of the area under review.
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Ardella
3 months ago
B) They mainly involve one-way communication from the internal auditor to management of the area under review.
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Malcolm
3 months ago
Nah, man. Option C is where it's at. The big boss needs to be involved for these important discussions.
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Chantay
3 months ago
Agreed, it shows the importance of the discussion and the commitment to addressing any issues.
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Gilberto
3 months ago
Definitely, having the chief audit executive in the meeting adds more value.
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Dorthy
3 months ago
C) They should involve the chief audit executive and senior management.
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Dierdre
3 months ago
A) They are expected to enhance the relationships between the internal audit activity and management of the area under review.
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Ciara
4 months ago
Hold on, aren't these meetings supposed to be one-way from the auditor to management? That's what option B suggests.
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Sherill
4 months ago
I agree with Glory. These meetings are all about enhancing communication and understanding between the two parties.
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Glory
4 months ago
I think option A is the correct answer. Engagement status meetings are crucial for fostering a collaborative relationship between internal audit and management.
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Audra
2 months ago
I agree with you both. Engagement status meetings play a key role in building a strong relationship between internal audit and management.
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Trina
3 months ago
I believe option A and C are both true. It's essential to have open communication and involvement of senior management.
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Claribel
3 months ago
I think option C is also important. The chief audit executive and senior management should be involved in these meetings.
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Rikki
3 months ago
I agree, option A is correct. It helps enhance relationships between internal audit and management.
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Mary
4 months ago
I think the answer is A.
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