IIA Exam IIA-ACCA Topic 7 Question 81 Discussion

Actual exam question for IIA's IIA-ACCA exam

Question #: 81
Topic #: 7

A chief audit executive (CAE) is selecting an internal audit team to perform an audit engagement that requires a high level of knowledge in the areas of finance, investment portfolio management, and taxation. If neither the CAE nor the existing internal audit staff possess the required knowledge, which of the following actions should the CAE take?

APostpone the audit until the CAE hires internal audit staff with the required knowledge.

BAsk the audit committee to decide the course of action.

CSelect the most experienced auditors in the department to perform the engagement.

DHire consultants who possess the required knowledge to perform the engagement.

Show Suggested Answer

Suggested Answer: B

by Eve at Jul 10, 2024, 11:09 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Carissa

3 days ago

I agree, hiring consultants seems like the best option in this situation.

upvoted 0 times

...

Aide

4 days ago

I think the CAE should hire consultants with the required knowledge.

upvoted 0 times

...