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Question 140 - IIA-CIA-Part2 discussion

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According to HA guidance, the chief audit executive is directly responsible for which of the following?

A.
Maintaining a quality assurance program even in the absence of management support
Answers
A.
Maintaining a quality assurance program even in the absence of management support
B.
Periodically reviewing and approving the internal audit charier
Answers
B.
Periodically reviewing and approving the internal audit charier
C.
Providing opportunities for all staff auditors to satisfy their professional development requirements
Answers
C.
Providing opportunities for all staff auditors to satisfy their professional development requirements
D.
Establishing the objectives scope and plan for each engagement
Answers
D.
Establishing the objectives scope and plan for each engagement
Suggested answer: D

Explanation:

According to IIA guidance, the chief audit executive (CAE) is directly responsible for establishing the objectives, scope, and plan for each engagement. This responsibility ensures that each audit is properly focused and aligned with the overall goals and risk areas of the organization. While maintaining a quality assurance program and providing professional development opportunities are important, they are not solely the CAE's responsibility without management support. Periodic review and approval of the internal audit charter is typically a joint responsibility with senior management and the board.

Reference:

The IIA's International Standards for the Professional Practice of Internal Auditing (Standards), Standard 2010 - Planning.

The IIA's Practice Guide on Developing the Internal Audit Plan.

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asked 18/09/2024
Sean Kell
45 questions
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