IIA Exam IIA-CRMA Topic 9 Question 55 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 55
Topic #: 9

Which of the following actions should the audit committee take to promote organizational independence for the internal audit activity?

ADelegate final approval of the risk-based internal audit plan to the chief audit executive (CAE).

BApprove the annual budget and resource plan for the internal audit activity.

CAssist the CAE with hiring objective and competent internal audit staff.

DEncourage the CAE to communicate and coordinate with the external auditor.

Show Suggested Answer

Suggested Answer: B

by Kristel at Feb 08, 2023, 06:17 PM

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Clay

16 hours ago

Definitely B. The audit committee should approve the internal audit budget and resources to ensure the activity has the necessary means to operate independently.

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Truman

19 days ago

I believe the audit committee should also assist the CAE with hiring objective and competent internal audit staff. This will further promote organizational independence.

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Tawna

20 days ago

I agree with Devon. It's important for the audit committee to ensure the internal audit activity has the necessary resources to operate independently.

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Devon

26 days ago

I think the audit committee should approve the annual budget and resource plan for the internal audit activity.

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