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Question 609 - IIA-CIA-Part1 discussion

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An internal auditor believes that a weakness exists in the control environment relating to the delegation of authority and responsibility within the management structure. Which of the following actions should the internal auditor first consider in this matter?

A.

Recommend a control change and obtain management support.

Answers
A.

Recommend a control change and obtain management support.

B.

Evaluate the potential Impact on related controls.

Answers
B.

Evaluate the potential Impact on related controls.

C.

Address the risk with senior management and the board.

Answers
C.

Address the risk with senior management and the board.

D.

Develop and communicate the scope and evaluation criteria to be used by management.

Answers
D.

Develop and communicate the scope and evaluation criteria to be used by management.

Suggested answer: B

Explanation:

When an internal auditor identifies a weakness in the control environment relating to the delegation of authority and responsibility, the first action should be to evaluate the potential impact on related controls. This evaluation helps the auditor understand how the identified weakness might affect other control processes within the organization. By assessing the impact, the auditor can gather the necessary information to determine the significance of the weakness and develop a more informed recommendation for addressing the issue.

The IIA Standards: Standard 2210 -- Engagement Objectives: 'Internal auditors must consider the probability of significant errors, fraud, noncompliance, and other exposures when developing the engagement objectives.'

COSO Framework: Emphasizes the need for evaluating the impact of weaknesses in the control environment on related controls.

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asked 03/11/2024
Mario Herrera González
46 questions
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