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Exam IIA-CIA-Part1 topic 6 question 159 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 159
Topic #: 6
[All IIA-CIA-Part1 Questions]

Which of the following situations undermines the independence of the internal audit activity?

  • A. The internal audit activity is responsible for the company's risk management function, and its head manager reports to the chief audit executive.
  • B. A senior member of the internal audit activity once worked in the corporate finance department.
  • C. The organization's CEO reviews the internal audit activity's annual budget per the organization's policies and procedures.
  • D. The internal audit activity often uses management's risk profile to build its own risk profile for annual planning.
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Suggested Answer: A 🗳️
by abdullah01 at July 6, 2024, 10:41 p.m.

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abdullah01
1 year, 1 month ago
i think is C
upvoted 1 times
f30b972
1 year ago
If CEO was providing final approval instead of Board then C would be the correct answer but that shouldn’t be assumed with the information given
upvoted 1 times
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A (35%)
C (25%)
B (20%)
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