IIA Exam IIA-CHAL-QISA Topic 2 Question 22 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam

Question #: 22
Topic #: 2

According to IIA guidance, which of the following most appropriately justifies the CEO's decision that the internal audit activity shall be responsible for risk management and Investigation at multinational organization?

AThe recommendation of the parent office external auditors.

BThe provisions of the internal audit charter.

CThe authority of the CEO.

DThe level of proficiency of the chief audit executive

Show Suggested Answer

Suggested Answer: C

Professional Responsibility: Internal auditors are expected to demonstrate their commitment to professional standards and ethics.

Code of Ethics: The IIA's Code of Ethics outlines principles that internal auditors must follow, including integrity, objectivity, confidentiality, and competency.

Annual Declaration: Signing an annual declaration reinforces the auditor's commitment to these principles and ensures ongoing adherence to the professional standards.

Demonstration of Due Care: By signing this declaration, auditors formally acknowledge their responsibility to uphold ethical standards, which is a demonstration of due professional care.

The IIA's Code of Ethics.

The IIA's International Standards for the Professional Practice of Internal Auditing.

by Georgiann at Feb 10, 2025, 05:19 PM

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Virgie

1 days ago

I agree with Micheline. The internal audit charter outlines the responsibilities of the internal audit activity.

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Micheline

3 days ago

I think the answer is B) The provisions of the internal audit charter.

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