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IIA Exam CPEA Topic 1 Question 90 Discussion

Actual exam question for IIA's CPEA exam
Question #: 90
Topic #: 1
[All CPEA Questions]

While considering internal control system of an entity, the auditor is basically concerned that the system provides reasonable assurance about which one of the following?

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Suggested Answer: C

by Willow at Sep 19, 2024, 06:12 AM

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Dorethea
4 months ago
I'm going with C. Seems like the most comprehensive answer to me. Gotta love those multi-choice exams where you can just use process of elimination!
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Britt
3 months ago
User4: Definitely going with C as well. It's all about maintaining accuracy and reliability.
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Daron
3 months ago
User3: I agree, C seems like the best choice. It's all about minimizing risks.
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Fannie
3 months ago
User2: Yeah, C makes the most sense. Errors being prevented or detected is crucial.
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Aliza
4 months ago
User1: I think C is the correct answer too. It covers a lot of ground.
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Art
4 months ago
Haha, A is a good one! As if management would ever let a system prevent them from overriding it. That's just wishful thinking.
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Erick
4 months ago
D is an interesting option, but I doubt the auditor would be primarily focused on collusion. That's a bit too specific, in my opinion.
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Tammara
3 months ago
D) Controls have not been circumvented by collusion
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Margart
3 months ago
C) Errors have been prevented or detected
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Inocencia
3 months ago
A) That the management cannot override the system
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Tasia
5 months ago
B sounds good, but I think the auditor is more concerned with the integrity of the system itself, not just its operational efficiency.
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Hyun
4 months ago
D) Controls have not been circumvented by collusion
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Carline
4 months ago
C) Errors have been prevented or detected
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Mendy
4 months ago
A) That the management cannot override the system
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Leslee
5 months ago
I believe the answer is C) Errors have been prevented or detected because that's crucial for the reliability of financial statements.
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Fidelia
5 months ago
Definitely C. Errors should be prevented or detected, that's the whole point of internal controls!
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Alaine
3 months ago
C) Errors have been prevented or detected
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Kenia
3 months ago
B) Operational efficiency has been achieved according to management plans
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Roxane
4 months ago
A) That the management cannot override the system
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Lorrie
4 months ago
C) Errors have been prevented or detected
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Kris
5 months ago
B) Operational efficiency has been achieved according to management plans
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Van
5 months ago
A) That the management cannot override the system
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Isaiah
5 months ago
I agree with Nelida. It's important for the internal control system to catch errors.
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Nelida
5 months ago
I think the auditor is concerned about errors being prevented or detected.
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