IIA Exam IIA-ACCA Topic 2 Question 75 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 75
Topic #: 2

[All IIA-ACCA Questions]

The most important reason to use risk assessment in audit planning is to:

AIdentify redundant controls.

BImprove budgeting accuracy.

CEnhance assurance provided to management.

DAssist in developing audit programs.

Show Suggested Answer

Suggested Answer: A

by Hassie at Apr 29, 2024, 04:19 PM

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Naomi

14 days ago

I don't know about you, but I'm more interested in the free donuts they serve during the audit than this boring risk assessment stuff.

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Maira

25 days ago

Redundant controls? Really? That's just a side benefit. Enhancing assurance is where it's at, folks.

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Jeanice

6 days ago

A) Identify redundant controls.

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Tresa

1 months ago

I believe it also helps in developing audit programs, so I would go with option D.

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Darrin

1 months ago

I agree with Harrison, having a strong risk assessment can definitely enhance assurance for management.

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Keneth

1 months ago

Developing relevant audit programs is crucial, so I'd go with option D. Risk assessment helps tailor the audit to the organization's needs.

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Diane

9 days ago

I think option C is also important as it enhances assurance for management.

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Sharika

20 days ago

I agree, option D is essential for creating effective audit programs.

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Harrison

1 months ago

I think the most important reason is to enhance assurance provided to management.

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Shelba

1 months ago

I believe it also assists in developing audit programs, so D) Assist in developing audit programs.

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Aracelis

1 months ago

Improving budgeting accuracy is important, but I believe enhancing assurance to management is the top priority here.

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Cordell

1 months ago

I think the most important reason is to enhance the assurance provided to management. That's the key purpose of risk assessment in audit planning.

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Dusti

1 months ago

I agree with Francene. It helps in ensuring that management receives the necessary assurance.

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Francene

2 months ago

I think the most important reason is to enhance assurance provided to management.

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