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Question 730 - IIA-CIA-Part1 discussion

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According to IIA guidance, which of the following statements is true of assurance services provided by the internal audit activity?

A.

Internal auditors cannot assess an operation for which they were responsible within the previous year.

Answers
A.

Internal auditors cannot assess an operation for which they were responsible within the previous year.

B.

Management of the area under review must agree with the engagement objectives, scope, and techniques.

Answers
B.

Management of the area under review must agree with the engagement objectives, scope, and techniques.

C.

The engagement results will vary in form and content depending upon the needs and wishes of the engagement client.

Answers
C.

The engagement results will vary in form and content depending upon the needs and wishes of the engagement client.

D.

The only parties involved in the engagement are the internal auditor and management of the area under review.

Answers
D.

The only parties involved in the engagement are the internal auditor and management of the area under review.

Suggested answer: A

Explanation:

IIA standards require that internal auditors avoid engagements in areas where they recently held operational responsibility, typically within a one-year period, to maintain independence and objectivity.

asked 03/11/2024
Meena Utsaha
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