Exam IIA-CIA-Part2 topic 5 question 45 discussion

Actual exam question from IIA's IIA-CIA-Part2

Question #: 45
Topic #: 5

After finalizing an assurance engagement concerning safety operations in the oil mining process, the audit team concluded that no key controls were compromised. However, some opportunities for improvement were noted. Which of the following would be the most appropriate way for the chief audit executive
(CAE) to report these results?

A. The CAE should send the final report to operational and senior management and the audit committee.
B. The CAE should send the final report to operational management only, as there is no need to communicate this information to higher levels.
C. The CAE should notify operational and senior management that the audit engagement was completed with no significant findings to report.
D. The CAE should send the final report to operational management and notify senior management and the audit committee that no significant findings were

Show Suggested Answer

Suggested Answer: D 🗳️

by emtofid at Aug. 30, 2024, 1:26 a.m.

Comments

Submit Cancel

Kozy

1 week, 6 days ago

Selected Answer: D

But per IIA guidance, the appropriate method is: ✅ Full report → Operational management ✅ Summary/notification → Senior management and audit committee, if no significant findings This ensures: Transparency Right-sizing of communication Focus of the audit committee on strategic risks, not operational details

upvoted 1 times

...

emtofid

11 months, 1 week ago

Selected Answer: A

Even though no key controls were compromised, it is still important to communicate the audit results, including any opportunities for improvement, to all relevant stakeholders, including operational management, senior management, and the audit committee. This ensures transparency, accountability, and that any potential improvements are considered and implemented.

upvoted 2 times

...