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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 496 - IIA-CIA-Part1 discussion

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The chief audit executive (CAE) decided to conduct a self-assessment with independent validation.

Which of the following is the most likely reason the CAE selected this course of action?

A.
The audit committee requested the self assessment for quality assurance purposes
Answers
A.
The audit committee requested the self assessment for quality assurance purposes
B.
The staff auditors have the necessary knowledge and experience to conduct the review
Answers
B.
The staff auditors have the necessary knowledge and experience to conduct the review
C.
The internal audit activity is relatively small in size and is due for an external assessment
Answers
C.
The internal audit activity is relatively small in size and is due for an external assessment
D.
The internal audit activity is due for a self-assessment which is specifically required at least once every five years
Answers
D.
The internal audit activity is due for a self-assessment which is specifically required at least once every five years
Suggested answer: B
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asked 18/09/2024
Pay Ametovski
38 questions
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