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IIA Exam IIA-CIA-Part1 Topic 1 Question 44 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 44
Topic #: 1
[All IIA-CIA-Part1 Questions]

The chief audit executive (CAE) is drafting the annual internal audit plan and seeks input from senior management and the external auditor prior to submitting it for approval to the board. According to MA guidance, which of the following statements is true regarding this scenario?

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Suggested Answer: B

by Willow at Feb 10, 2024, 03:00 AM

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Van
10 months ago
I think the key is for the CAE to strike a balance between seeking input for improvement and maintaining independence in the audit process.
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Chun
10 months ago
I believe that as long as the CAE has the authority to determine who reviews and approves the audit plan, it should be fine.
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Teresita
10 months ago
But doesn't getting input from senior management and the external auditor improve the quality of the audit plan?
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Truman
11 months ago
I agree with Leslee. It's important for the CAE to maintain objectivity in the internal audit process.
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Leslee
11 months ago
I think the CAE should have developed the audit plan without outside influence to maintain objectivity.
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