IIA Exam IIA-CIA-Part1 Topic 4 Question 63 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 63
Topic #: 4

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

by Gail at Sep 15, 2024, 09:09 AM

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Mike

7 days ago

D) Establishing the internal audit activity's position within the organization in an audit charter is a great idea. This formalizes the independence and authority of the internal audit function.

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Shala

14 days ago

Why do you think option C is better?

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Rusty

17 days ago

I disagree, I believe option C is more effective.

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C) Ensuring the chief audit executive reports administratively to the audit committee seems like the most effective way to maintain independence. The audit committee is a neutral body that can provide oversight and protection from undue influence by management.

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Shala

21 days ago

I think option B is the best choice.

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IIA Exam IIA-CIA-Part1 Topic 4 Question 63 Discussion

Contribute your Thoughts:

Mike

Shala

Rusty

Eleonore

Shala