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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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Question 191 - IIA-CIA-Part2 discussion

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An internal auditor collected several employee testimonials Which of the following is the best action for the internal auditor to take before drawing a conclusion?

A.
Ensure the testimonials are well documented
Answers
A.
Ensure the testimonials are well documented
B.
Substantiate the testimonials with physical or documentary evidence
Answers
B.
Substantiate the testimonials with physical or documentary evidence
C.
Corroborate testimonials with the results from other soft control techniques
Answers
C.
Corroborate testimonials with the results from other soft control techniques
D.
Review the testimonials with the interviewed employees
Answers
D.
Review the testimonials with the interviewed employees
Suggested answer: B

Explanation:

Internal auditors must corroborate employee testimonials with tangible evidence to ensure the reliability and validity of the findings. Relying solely on testimonials without supporting evidence can lead to inaccurate conclusions. Standard 2310 -- Identifying Information of the International Standards for the Professional Practice of Internal Auditing emphasizes that sufficient, reliable, relevant, and useful information should be obtained to achieve the engagement's objectives.

Reference:

Institute of Internal Auditors (IIA), International Standards for the Professional Practice of Internal Auditing (Standards), Standard 2310 -- Identifying Information.

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asked 18/09/2024
James Sutter
33 questions
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