IIA Exam IIA-CIA-Part1 Topic 9 Question 28 Discussion

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

Question #: 28
Topic #: 9

According to HA guidance, which of the following is true regarding independence and objectivity for small internal audit activities?

AThe chief audit executive (CAE) may consider including a disclaimer on independence in audit reports.

BThe CAE may consider greater involvement of those with suitable knowledge of audit practice.

CConformance with this Standard is not dependent upon the size of the internal audit activity.

DDue to the small size of the internal audit activity, having an external assessment once every seven years is acceptable.

Show Suggested Answer

Suggested Answer: B

by Jutta at Feb 04, 2023, 01:53 PM

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Ezekiel

8 days ago

I'm not sure about the details of HA guidance, but I think option B makes the most sense. Greater involvement of those with audit knowledge could help address independence concerns.

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Merissa

13 days ago

Option C seems to be the correct answer. The size of the internal audit activity doesn't matter when it comes to conformance with the Standards.

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Rodolfo

18 days ago

But doesn't the size of the internal audit activity impact independence and objectivity?

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Abel

23 days ago

I disagree, I believe the answer is C.

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Rodolfo

26 days ago

I think the answer is B.

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