IIA Exam IIA-ACCA Topic 1 Question 5 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 5
Topic #: 1

The chief audit executive (CAE) of a small internal audit activity (IAA) performs all high-risk engagements on the annual audit plan to make use of his knowledge and experience and to maximize the efficient use of audit resources. Which of the following statements is most relevant regarding this practice?

AThe CAE's work may be reviewed by any other experienced staff member within the IAA.

BThe CAE's work should be reviewed by an individual with the appropriate background and knowledge.

CThe CAE may self-review his work, provided he discloses this practice in the final report.

DThe CAE should avoid performing engagements to ensure he is able to review all audit work objectively.

Show Suggested Answer

Suggested Answer: B

by Twana at May 05, 2022, 10:08 AM

Limited Time Offer

25%

Off

Get Premium IIA-ACCA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!