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Exam IIA-CIA-Part2 topic 1 question 43 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 43
Topic #: 1
[All IIA-CIA-Part2 Questions]

The efficiency of internal audit operations is best enhanced if workpaper standards:

  • A. Permit the extent of documentation to vary according to engagement objectives.
  • B. Require supervisors to initial and date each workpaper that they review.
  • C. Allow access to workpapers by external parties if approved by senior management or the audit committee.
  • D. Mandate the workpaper retention period.
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Suggested Answer: A 🗳️
by maicannibal at July 28, 2021, 9:30 a.m.

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maicannibal
10 months ago
why a becuse
upvoted 1 times
KonradK
9 months, 1 week ago
It is beacuse workpapers are simply cannot be the same for each and every audit engagement. They can be somehow for repetitive engagement for like fast food restaurants under one corporation, however, usually controls differs/changes along the time so workpapers should incorporate these differences/changes and be sufficient, relevant, reliable and usuful for the given audit. hopes that gives more light to you maincannibal.
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