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Question 629 - IIA-CIA-Part1 discussion

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Senior management and the board have expressed concerns about the length of engagements and whether their outcome aligns with the organization's strategies and objectives. Which of the following actions, if taken by the chief audit executive, could address these concerns?

A.

Communicating to internal audit staff instructions for completing engagements within shorter time periods.

Answers
A.

Communicating to internal audit staff instructions for completing engagements within shorter time periods.

B.

Requesting additional funding from the board to train internal audit staff on time and resource management.

Answers
B.

Requesting additional funding from the board to train internal audit staff on time and resource management.

C.

Implementing the use of agile auditing during engagements to meet expectations.

Answers
C.

Implementing the use of agile auditing during engagements to meet expectations.

D.

Encouraging internal audit staff to participate in workshops to further develop their understanding of the organization's strategies.

Answers
D.

Encouraging internal audit staff to participate in workshops to further develop their understanding of the organization's strategies.

Suggested answer: C

Explanation:

Implementing the use of agile auditing during engagements can address concerns about the length of engagements and alignment with organizational strategies and objectives. Agile auditing focuses on iterative planning and execution, allowing for more flexible and responsive audit processes. It enhances collaboration, efficiency, and the ability to adapt to changes in the organization's priorities. This approach can help internal audit activities deliver timely and relevant audit results that align with the organization's strategic goals.

Reference:

The IIA's Practice Guide on Agile Auditing.

Articles from the Internal Auditor magazine on Agile Auditing.

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asked 03/11/2024
Soma Ismael Bola
39 questions
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