CIMA Exam CIMAPRA19-P03-1 Topic 1 Question 20 Discussion

Actual exam question for CIMA's CIMAPRA19-P03-1 exam

Question #: 20
Topic #: 1

With regard to the internal audit department,whichTWO of the following statements arecorrect?

AThe internal audit department should co-opt a manager from the department it is auditing onto the teamin order to ensure it can follow the processes applied in that department.

BThe internal audit department should report directly to the board of directors, especially if it suspects a director has circumvented any internal controls.

CThe internal audit department should make recommendations on actions to be taken following any engagement within a department.

DThe internal audit department should make recommendations on how to improve the control systems withina department following any engagement within that department.

EThe internal audit department should follow a planned work schedule which is reviewed at least annually.

Show Suggested Answer

Suggested Answer: A, B, D

by Garry at Dec 09, 2022, 11:41 PM

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Alline

1 days ago

I'm not sure about option A though. Co-opting a manager from the department being audited could create conflicts of interest.

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Staci

3 days ago

I agree with Kaycee. It's important for the internal audit department to provide recommendations for improvement after engaging with a department.

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Kaycee

7 days ago

I think options C and D are correct. The internal audit department should definitely make recommendations on actions to be taken and how to improve control systems.

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