Exam IIA-CIA-Part2 topic 5 question 140 discussion

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

Question #: 140
Topic #: 5

[All IIA-CIA-Part2 Questions]

According to IIA guidance, the chief audit executive is directly responsible for which of the following?

A. Maintaining a quality assurance program, even in the absence of management support.
B. Periodically reviewing and approving the internal audit charter.
C. Providing opportunities for all staff auditors to satisfy their professional development requirements.
D. Establishing the objectives, scope, and plan for each engagement.

Show Suggested Answer

Suggested Answer: A 🗳️

by emtofid at Sept. 9, 2024, 1:25 p.m.

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Elvoo

10 months ago

B could be the right answer as well

upvoted 1 times

emtofid

9 months, 1 week ago

While the CAE is responsible for reviewing the internal audit charter, the final approval typically lies with the board or audit committee.

upvoted 2 times

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The CAE is responsible for ensuring that the internal audit activity complies with the International Standards for the Professional Practice of Internal Auditing (Standards), which includes maintaining a quality assurance and improvement program (QAIP). This responsibility exists even if management does not actively support it.

upvoted 3 times

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