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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 5 question 122 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 122
Topic #: 5
[All IIA-CIA-Part2 Questions]

In which of the following situations would an internal control questionnaire best suit the internal auditor's purpose?

  • A. The auditor wants to receive mid-level management insight on how to improve hiring practices.
  • B. The auditor wants to obtain information on whether adherence to approval matrices is actually taking place in different maintenance units.
  • C. The auditor wants to gain assurance that inventory counts are conducted in accordance with established procedures.
  • D. The auditor wants to assess whether different subsidiaries apply centrally established procurement rules in the same manner.
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Suggested Answer: D 🗳️

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emtofid
11 months, 2 weeks ago
Selected Answer: D
An internal control questionnaire is particularly useful for assessing whether standardized procedures or rules are consistently applied across different parts of an organization. To gain assurance that inventory counts are conducted correctly, direct observation and testing of the inventory counting process would be more effective than a questionnaire.
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