IIA Exam CPEA Topic 1 Question 69 Discussion

Actual exam question for IIA's CPEA exam

Question #: 69
Topic #: 1

[All CPEA Questions]

Section 3 of the General Principles Guideline (14010) requires that ''the audit should only be undertaken if, after consultation with the client, it is the lead auditor's opinion that:''

AThere are adequate resources to support the audit process

BThere is adequate time to support the audit process

CThere are at least 10 members of audit team to support the audit process

DNone of these

Show Suggested Answer

Suggested Answer: C

by Graciela at Jan 25, 2024, 01:59 PM

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Jaclyn

2 days ago

I was about to choose A, but then I realized the question is asking about the lead auditor's opinion, not just the resources. B makes the most sense.

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Curtis

5 days ago

Haha, 10 audit team members? What is this, the Avengers assemble for an audit? C is definitely not a valid requirement.

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Gregoria

8 days ago

I agree, B is the right answer. The lead auditor should ensure the audit can be completed properly within the given timeframe.

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Rene

12 days ago

I'm not sure, but I think it's important to have both resources and time for the audit.

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Delsie

14 days ago

I agree with Alecia, having adequate resources is crucial for a successful audit.

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Alecia

15 days ago

I think the answer is A) There are adequate resources to support the audit process.

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Roy

16 days ago

The correct answer is B. The audit should only be undertaken if there is adequate time to support the audit process. A and C are too specific requirements.

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