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Question 596 - IIA-CIA-Part1 discussion

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Which of the following relates to the concept of due professional care?

A.

An auditor attempts to obtain information needed to complete an assurance engagement but is denied access.

Answers
A.

An auditor attempts to obtain information needed to complete an assurance engagement but is denied access.

B.

The appointment of the chief audit executive is ratified by the board.

Answers
B.

The appointment of the chief audit executive is ratified by the board.

C.

An auditor demonstrates a good understanding of the steps involved in carrying out a consulting engagement.

Answers
C.

An auditor demonstrates a good understanding of the steps involved in carrying out a consulting engagement.

D.

The internal audit resource plan is only approved by the chief financial officer.

Answers
D.

The internal audit resource plan is only approved by the chief financial officer.

Suggested answer: C

Explanation:

The concept of due professional care in internal auditing involves applying the care and skill expected of a reasonably prudent and competent auditor. This includes understanding the appropriate steps and techniques for various types of engagements, including consulting engagements. Demonstrating a good understanding of the steps involved in carrying out a consulting engagement (Option C) aligns with the IIA Standard 1220: Due Professional Care, which requires internal auditors to apply the necessary care and skill in their work. This understanding is essential for executing their duties effectively and ensuring that engagements are conducted with appropriate rigor and thoroughness.

Reference:

IIA Standards, Standard 1220: Due Professional Care

IIA's International Professional Practices Framework (IPPF)

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asked 03/11/2024
annalise ramdin
36 questions
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