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Exam IIA-CIA-Part2 topic 5 question 321 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 321
Topic #: 5
[All IIA-CIA-Part2 Questions]

Which of the following activities is an internal auditor most likely to perform when establishing the objectives of an assurance engagement?

  • A. Discuss the internal audit risk assessment, including applicable risks and objectives, with internal audit management.
  • B. Perform a walk-through of the process under review to determine whether controls were operating effectively.
  • C. Identify which controls will be tested and the sampling method to be used based on control risk.
  • D. Meet with operational management to learn about any areas of concern and to agree on the engagement objectives.
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Suggested Answer: A 🗳️

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Kozy
1 week, 1 day ago
Selected Answer: A
In assurance engagements, according to the International Standards for the Professional Practice of Internal Auditing (IIA Standards): The internal auditor—not operational management— is responsible for defining the engagement objectives based on: The overall engagement plan, The results of risk assessments, Input from relevant stakeholders, but not subject to their agreement. So the word “agree on the engagement objectives” in Option D is problematic, because it implies shared authority, which violates the independence and objectivity of the internal audit function.
upvoted 1 times
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34205ac
5 months, 3 weeks ago
Selected Answer: D
I assume the answer is D
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