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IIA Exam IIA-CHAL-QISA Topic 3 Question 18 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam
Question #: 18
Topic #: 3
[All IIA-CHAL-QISA Questions]

According to IIA guidance, which of the following statements is true regarding audit workpapers?

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Suggested Answer: D

Audit workpapers are essential documents that provide evidence of the audit work performed and the conclusions reached.

Option A: While review notes can be useful, they do not need to be retained if they do not add value to the audit evidence.

Option B: Audit workpaper documentation policies are typically established by the internal audit department, not reviewed or approved by the audit committee.

Option C: Management should not review the workpapers for accuracy as this could compromise the independence of the audit.

Option D: Preparing workpapers helps auditors document their work thoroughly, facilitating learning and professional development.


by Cherilyn at Nov 18, 2024, 07:14 PM

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Lynette
2 months ago
D is an interesting option, but I think the main purpose of workpapers is documentation, not professional development.
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Xochitl
2 months ago
Haha, C is just asking for trouble. Let's not let the auditees review their own workpapers!
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Veta
21 days ago
Yeah, having the auditees review their own workpapers doesn't sound like a good idea.
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Shawnda
22 days ago
D) Audit workpaper preparation contributes to the professional development of the internal audit staff.
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Keneth
1 months ago
A) Review notes on audit workpapers must be retained to provide a record of questions raised by the reviewer.
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Gladys
2 months ago
I agree with Evelynn, D makes sense because preparing workpapers helps internal audit staff grow professionally.
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Ming
2 months ago
B sounds good to me. The audit committee should approve the workpaper policies.
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Juan
1 months ago
D) Audit workpaper preparation contributes to the professional development of the internal audit staff.
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Dianne
1 months ago
C) Management of the department being audited should review the prepared workpapers for accuracy.
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Chanel
2 months ago
B) Audit workpaper documentation policies are reviewed and approved by the audit committee.
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Flo
2 months ago
A) Review notes on audit workpapers must be retained to provide a record of questions raised by the reviewer.
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Evelynn
2 months ago
I disagree, I believe the correct answer is D.
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Johnetta
2 months ago
I think the answer is A.
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Jani
2 months ago
I think the correct answer is A. Review notes are important for documenting the audit process.
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Lyndia
2 months ago
Audit workpaper documentation plays a crucial role in ensuring transparency and accountability.
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Yesenia
2 months ago
It's important to have a clear record of the audit process for reference.
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Galen
2 months ago
Yes, that's correct. Review notes on audit workpapers must be retained to provide a record of questions raised by the reviewer.
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Twana
2 months ago
I think the correct answer is A. Review notes are important for documenting the audit process.
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