CIMA Exam CIMAPRA17-BA4-1 Topic 8 Question 83 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 83
Topic #: 8

[All CIMAPRA17-BA4-1 Questions]

The primary role of internal audit within an organisation is to:

Aserve as the investigative arm of the board

Bserve as an independent, objective assurance and consulting activity that adds value to operations

Ccarry out assignments to assist in the attainment of more efficient operations

Dassist the external auditor in order to reduce external audit fees

Show Suggested Answer

Suggested Answer: B

by Nobuko at Mar 17, 2024, 12:48 PM

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Taryn

1 months ago

B, definitely. That's the textbook definition of internal audit's role. Though I do like Nickie's idea of reducing audit fees!

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Shawna

8 days ago

I agree, that's the main purpose of internal audit.

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Cyndy

12 days ago

B) serve as an independent, objective assurance and consulting activity that adds value to operations

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Nickie

1 months ago

Hmm, I'm going with D. Anything to reduce external audit fees sounds like a good deal to me!

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Sabrina

1 months ago

I'm not sure, but I think it might be C. Internal audit is there to help improve efficiency, right?

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Adelle

8 days ago

I think you're right, internal audit does help improve efficiency.

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Aracelis

2 months ago

I think the answer is B. The primary role of internal audit is to provide independent and objective assurance and consulting to add value to the organization's operations.

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Carey

1 months ago

User 2

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Mona

2 months ago

User 1

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Doyle

3 months ago

I believe internal audit should also assist in the attainment of more efficient operations, so I would choose option C.

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Martina

3 months ago

I agree with Melina. Internal audit should provide objective assurance and help improve operations.

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Melina

3 months ago

I think the primary role of internal audit is to serve as an independent, objective assurance and consulting activity that adds value to operations.

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