Exam IIA-CIA-Part1 topic 6 question 401 discussion

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

Question #: 401
Topic #: 6

During engagement planning, the engagement supervisor recommended that the amount of time originally budgeted for the engagement should be expanded due to the engagement's complexity and materiality. This scenario is an example of which of the following?

A. A lack of audit competency.
B. Internal audit objectivity.
C. Proper engagement supervision.
D. Due professional care.

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Suggested Answer: D 🗳️

by Akekaraj at Nov. 28, 2024, 3:55 a.m.

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Kozy

3 weeks, 4 days ago

Selected Answer: C

Due professional care requires internal auditors to apply the necessary level of diligence, effort, and consideration in planning and performing engagements. In this scenario: -The supervisor assessed the complexity and materiality of the engagement. -Based on that, they recommended adjusting the time budget to ensure the audit is performed thoroughly and effectively. This reflects the auditor's responsibility to provide reasonable assurance that objectives are met, risks are addressed, and the engagement is properly resourced, aligning with due professional care under IIA Standards.

upvoted 1 times

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a378d65

4 months, 3 weeks ago

Selected Answer: D

Answer D

upvoted 2 times

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Akekaraj

8 months, 1 week ago

Selected Answer: D

Answer D

upvoted 2 times

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