Exam IIA-CIA-Part1 topic 6 question 430 discussion

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

Question #: 430
Topic #: 6

The chief audit executive (CAE) is requested to complete an IT engagement within the year. The CAE determines that the internal audit activity does not currently have the required competencies for the engagement. Which of the following would be the most appropriate response?

A. Assign a staff member from the IT department to assist with the engagement.
B. Decline the engagement since the internal audit activity lacks the required competencies.
C. Recruit a new staff member from a competing organization who has the required competencies.
D. Recruit a finance department manager who recently transferred from the IT department.

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Suggested Answer: A 🗳️

by f30b972 at Aug. 16, 2024, 10:57 p.m.

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Kozy

6 days, 13 hours ago

Selected Answer: B

Correct Answer: B. Decline the engagement since the internal audit activity lacks the required competencies. Why it's correct: According to the IIA Standards, internal auditors must only undertake engagements for which they have the necessary knowledge, skills, and competencies. If the audit activity lacks these and can't address the gap (e.g., through training or co-sourcing), declining is the most appropriate action to maintain audit quality and professionalism. A incorrect: Assign a staff member from the IT department to assist with the engagement: This would compromise independence, as IT staff are part of the area being audited and may have a conflict of interest.

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f30b972

11 months ago

Wouldn’t A impact objectivity?

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