exam questions

Exam IIA-CIA-Part1 All Questions

View all questions & answers for the IIA-CIA-Part1 exam

Exam IIA-CIA-Part1 topic 6 question 41 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 41
Topic #: 6
[All IIA-CIA-Part1 Questions]

According to IIA guidance, which of the following statements about working papers is false?

  • A. They assist in the implementation of recommendations.
  • B. They provide support for communication to third parties.
  • C. They demonstrate compliance with auditing standards.
  • D. They contribute to development of the internal audit staff.
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Kozy
1 month ago
Selected Answer: B
According to IIA guidance, working papers (also called workpapers) serve important purposes within the internal audit activity, such as: ✅ Supporting audit findings, conclusions, and reports. ✅ Demonstrating compliance with auditing standards and professional care. ✅ Assisting in follow-up and implementation of recommendations. ✅ Contributing to staff development by providing examples and learning material. However: Workpapers are considered confidential and primarily serve internal use, including support for management communication. They are not intended to provide support for communication to third parties, unless required by legal or regulatory processes. Routine sharing of workpapers with third parties is restricted to preserve confidentiality and independence.
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
Loading ...