IIA Exam IIA-ACCA Topic 10 Question 83 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 83
Topic #: 10

An organization is facing a financial downturn and needs to impose major budget reductions to all departments. According to MA guidance, which of the following actions is most appropriate for the board to take to evaluate the potential impact on the internal audit activity?

AAsk management to determine which internal audit engagements are lower risk and could be considered for removal from the annual audit plan.

BAsk appropriate stakeholders for their opinion on the potential impacts of reducing the scope of the internal audit plan.

CAsk the chief audit executive to determine whether budgetary limitations impede the ability of the internal audit activity to execute its responsibilities.

DAsk The human resources department to determine how the annual compensation and salary of the audit staff could be adjusted to achieve savings.

Show Suggested Answer

Suggested Answer: B

by Corrina at Aug 07, 2024, 03:00 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Myra

4 hours ago

I agree with Wendell. The chief audit executive should assess the impact of budget reductions on the internal audit activity.

upvoted 0 times

...

Wendell

3 days ago

I think option C is the most appropriate.

upvoted 0 times

...