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Question 92 - IIA-CIA-Part2 discussion

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Which of the following evaluation criteria would be the most useful to help the chief audit executive determine whether an external service provider possesses the knowledge, skills, and other competencies needed to perform a review?

A.
The financial interest the service provider may have in the organization.
Answers
A.
The financial interest the service provider may have in the organization.
B.
The relationship the service provider may have had with the organization or the activities being reviewed.
Answers
B.
The relationship the service provider may have had with the organization or the activities being reviewed.
C.
Compensation or other incentives that may be applicable to the service provider.
Answers
C.
Compensation or other incentives that may be applicable to the service provider.
D.
The service provider's experience in the type of work being considered.
Answers
D.
The service provider's experience in the type of work being considered.
Suggested answer: D

Explanation:

When selecting an external service provider, the CAE must ensure that the provider possesses the necessary knowledge, skills, and competencies relevant to the specific type of work being reviewed. This is best demonstrated by the provider's experience in the relevant field (Option D). The other options, such as financial interest (Option A), prior relationships (Option B), and compensation (Option C), are considerations for assessing potential conflicts of interest or independence but are not primary criteria for evaluating technical competency.

Reference:

IIA Standard 1210: Proficiency.

IIA Practice Guide on External Service Provider Arrangements.

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asked 18/09/2024
Anthony Wilson
42 questions
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