ExamGecko
Search Search Login
Home Home / IIA / IIA-CIA-Part1
Question list
Search
Search

List of questions

Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

A new chief audit executive wants to develop a formal internal control framework for her organization. She uses globally accepted frameworks as a guide. Which of the following would she likely find critical in creating the new framework for her organization?
Which of the following offers the feast evidence that the internal audit activity has achieved organizational independence?
An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?
Which of the following situations is most likely to threaten the independence of the internal audit activity?
Which of the following actions by an organization's board would potentially impair the internal audit activity's independence?
Which of the following actions does a competency assessment tool help the chief audit executive perform?
Which of the following statements is true regarding risk management frameworks?
Which of the following is the internal audit activity expected to do with respect to the organization's governance processes?
The same internal auditor has audited the regional purchasing department annually for the last three years. The audits have shown several significant control deficiencies that have not been corrected by management. New management is in charge of this regional purchasing department, and it is time to audit the department again. What concerns should be considered prior to assigning the audit to the same auditor?
Which of the following best demonstrates conformance with the Standards relating to continuing professional development of internal auditors?

Question 618 - IIA-CIA-Part1 discussion

Report
Export

Which of the following scenarios would cause a chief audit executive (CAE) to immediately discontinue using any statements that would indicate conformance with the Standards in an audit report?

A.

The internal audit activity used a risk-based approach to create the internal audit plan.

Answers
A.

The internal audit activity used a risk-based approach to create the internal audit plan.

B.

The engagement supervisor considered requests from senior management regarding engagements to include in the internal audit plan.

Answers
B.

The engagement supervisor considered requests from senior management regarding engagements to include in the internal audit plan.

C.

The CAE only accepted engagements that the internal audit activity collectively had the knowledge to perform.

Answers
C.

The CAE only accepted engagements that the internal audit activity collectively had the knowledge to perform.

D.

The area under review restricted the internal audit activity's ability to access records, impacting the audit results.

Answers
D.

The area under review restricted the internal audit activity's ability to access records, impacting the audit results.

Suggested answer: D

Explanation:

The International Standards for the Professional Practice of Internal Auditing (Standards) emphasize that internal auditors must be free from interference in determining the scope of internal auditing, performing work, and communicating results. Standard 1110 -- Organizational Independence, and Standard 1120 -- Individual Objectivity, require that internal auditors have access to all relevant records, personnel, and physical properties within the scope of their audit activities. If an area under review restricts the internal audit activity's ability to access records, it directly impacts the auditor's ability to perform their duties objectively and without interference. This scenario undermines the core principles of independence and objectivity, necessitating the CAE to discontinue using statements indicating conformance with the Standards, as the audit results may be compromised.

Reference:

The IIA's International Standards for the Professional Practice of Internal Auditing (Standards) - Standards 1110 and 1120.

Show Answer
asked 03/11/2024
Mian Mudasir Bari
40 questions
PreviousPreviousNextNext
User
Your answer:
0 comments
Sorted by

Leave a comment first

ExamGecko

Copyright @2023 ExamGecko | All right reserved

Mail us: [email protected]
About us
Contact us
Twitter X
Facebook
Medium
Convert VPLUS to PDF
Open VPLUS files Easily and Quickly
Privacy Policy
Disclaimer
Terms