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Exam IIA-CIA-Part2 topic 3 question 23 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 23
Topic #: 3
[All IIA-CIA-Part2 Questions]

A chief audit executive (CAE) is evaluating four potential audit engagements based on the following factors: the engagement's ability to reduce risk to the organization, the engagement's ability to save the organization money, and the extent of change in the area since the last engagement. The CAE has scored the engagements for each factor from low to high, assigned points, and calculated an overall ranking. The results are shown below with the points in parentheses:

Risk Reduction -

Cost Savings -

Changes -
High (3)
Medium (2)
Low (1)
High (3)
Low (1)
High (3)
Low (1)
High (3)
Medium (2)
Medium (2)
Medium (2)
High (3)
If the organization has asked the CAE to consider the cost savings factor to be twice as important as any other factor, which engagements should the CAE pursue?

  • A. 1 and 2 only
  • B. 1 and 3 only
  • C. 2 and 4 only
  • D. 3 and 4 only
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Suggested Answer: D 🗳️

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Amarpreet
1 year, 3 months ago
Can anyone Explain please?
upvoted 1 times
John1237
12 months ago
If cost savings factor is twice as important as any other factor, the evaluation score of the first engagement is 8. 3 + (2 x 2) + 1 = 8 As a reminder, for the first engagement we have : Risk Reduction - High (3) Cost Savings - Medium (2) Changes - Low (1) Following the same logic, Engagements 3 and 4 get the highest score which is 9.
upvoted 1 times
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Ahmad3224
1 year, 7 months ago
Audit 1: Risk Reduction - High Cost Savings - Medium Changes - Low Audit 2 RR - High CS - Low Changes - High Audit 3 RR - Low CS - High Changes - Medium Audit 4 RR - Medium Cost Savings - Medium Changes - High
upvoted 2 times
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Brad626
2 years, 3 months ago
Why cannot complex questions like this one be presented in the manner - like the previous one, #22 ??
upvoted 1 times
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gml0603
2 years, 6 months ago
Format error
upvoted 1 times
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mtoti
2 years, 9 months ago
There is a problem with this issue, as the options are not shown.
upvoted 1 times
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