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Exam IIA-CIA-Part1 topic 4 question 70 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 70
Topic #: 4
[All IIA-CIA-Part1 Questions]

Which of the following statements correctly describes how workpaper standards can improve the efficiency of internal audit operations?

  • A. They require supervisors to provide written confirmation of the workpapers they review.
  • B. They grant external parties approved by management access to workpapers.
  • C. They mandate the workpaper retention period.
  • D. They allow the design and content to vary depending on the nature of the engagement.
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Suggested Answer: D 🗳️

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Elvoo
10 months, 3 weeks ago
Is it A oder D? D: This flexibility can indeed improve efficiency because it allows auditors to tailor workpapers to the specific needs and risks of each audit engagement, avoiding unnecessary detail or rigidity.
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9e27bc2
1 year, 3 months ago
Selected Answer: A
The correct statement is: A. They require supervisors to provide written confirmation of the workpapers they review. Workpaper standards are essential in maintaining consistency, quality, and efficiency in internal audit operations. Requiring supervisors to provide written confirmation of the workpapers they review ensures a formalized and documented process for oversight, contributing to quality control and efficiency. This confirmation helps establish accountability in the review process and ensures that the work meets the required standards.
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