IIA Exam IIA-CHAL-QISA Topic 1 Question 23 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam

Question #: 23
Topic #: 1

Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?

AAppoint the chief audit executive as a member of the board.

BAdopt written policies and procedures for the internal audit activity, approved by the board.

CEnsure the chief audit executive reports administratively to the audit committee.

DEstablish the internal audit activity's position within the organization in an audit charter

Show Suggested Answer

Suggested Answer: C

ISO 31000 Context: ISO 31000 provides guidelines on risk management, emphasizing the importance of understanding the external context.

External Context: This includes external factors such as regulatory and competitive environments that can impact the organization's risk profile.

Regulatory Environment: Understanding regulations helps the organization ensure compliance and avoid legal risks.

Competitive Environment: Analyzing the competitive environment allows the organization to anticipate market changes and manage competitive risks.

ISO 31000 Risk Management Guidelines.

by Jess at Mar 08, 2025, 01:14 PM

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Veronica

2 days ago

I think Option D is the best answer. An audit charter can clearly establish the internal audit activity's position and authority within the organization.

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Tonette

12 days ago

Why do you think option C is better?

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Ryan

13 days ago

I disagree, I believe option C is more effective.

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Lyndia

16 days ago

Option C is the most appropriate choice. The chief audit executive should report administratively to the audit committee to ensure independence from management influence.

upvoted 0 times

Minna

2 days ago

I think option C is the best choice.

upvoted 0 times

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Tonette

16 days ago

I think option B is the best choice.

upvoted 0 times

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