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Exam IIA-CIA-Part1 topic 6 question 304 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 304
Topic #: 6
[All IIA-CIA-Part1 Questions]

Which of the following situations is most likely to threaten the independence of the internal audit activity?

  • A. The chief audit executive reports functionally to the board and administratively to the CEO.
  • B. The annual budget for the internal audit activity is approved by the chief financial officer.
  • C. The internal audit activity is completely outsourced to an external service provider.
  • D. The internal audit manager provides consulting services to the procurement department, where she worked during the prior year.
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Suggested Answer: ب 🗳️
by abdullah01 at July 5, 2024, 11:15 a.m.

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Kozy
3 weeks, 5 days ago
Selected Answer: D
The greatest threat to independence arises when there is a conflict of interest or impairment to objectivity, especially when auditors have recently been part of the function they are auditing or advising.
upvoted 1 times
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abdullah01
1 year ago
b is right
upvoted 4 times
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