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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?
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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?
A global manufacturing company has three regional offices. The chief audit executive (CAE) is concerned about the cost of an upcoming external quality assessment of the internal audit activity. The last external assessment was performed six years ago. Recently, the internal audit staff at one of the regional offices performed an internal assessment. To ensure conformance with the Standards, what is the most appropriate action for the CAE to take?

Question 336 - IIA-CIA-Part1 discussion

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An internal auditor performed a consulting engagement last year which included assisting with management's design of controls over the procurement function. How should the chief audit executive plan an assurance engagement on the adequacy of the internal control system in the procurement function in the current year?

A.
Assign the engagement to another internal auditor on staff
Answers
A.
Assign the engagement to another internal auditor on staff
B.
Outsource the engagement to ensure independence
Answers
B.
Outsource the engagement to ensure independence
C.
Harness the auditor's knowledge of the procurement function by assigning the engagement to the same internal auditor
Answers
C.
Harness the auditor's knowledge of the procurement function by assigning the engagement to the same internal auditor
D.
Postpone the engagement to the following year to ensure enough time has passed since the controls were designed
Answers
D.
Postpone the engagement to the following year to ensure enough time has passed since the controls were designed
Suggested answer: A
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asked 18/09/2024
Mike Werts
32 questions
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