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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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Question 481 - IIA-CIA-Part1 discussion

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Upon completion of an external assessment as part of the quality assurance and improvement program (QAIP), the chief audit executive (CAE) reported the results to senior management and the board The CAE included the following elements in the report

- Qualifications and independence of me external assessment team

- Conclusions of assessors

- Corrective action plans

How should the CAE improve the aforementioned approach to reporting the resets of QAIP?

A.
Senior management should be excluded from the reporting as the QAiP results must be communicated to re board only
Answers
A.
Senior management should be excluded from the reporting as the QAiP results must be communicated to re board only
B.
The report can be streamlined by removing unnecessary information such as the qualifications and me independence of external assessors
Answers
B.
The report can be streamlined by removing unnecessary information such as the qualifications and me independence of external assessors
C.
The results must be snared with the external a auditors as well, so they can determine the extent to which they can rely on me work of the internal audit activity
Answers
C.
The results must be snared with the external a auditors as well, so they can determine the extent to which they can rely on me work of the internal audit activity
D.
The report should indicate that the external assessment must be performed at least once every five years
Answers
D.
The report should indicate that the external assessment must be performed at least once every five years
Suggested answer: D
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asked 18/09/2024
Felipe Santos Cardoso
33 questions
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