IIA Exam IIA-CIA-Part1 Topic 2 Question 62 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam

Question #: 62
Topic #: 2

Which of the following is true regarding internal audit role's in The IIA's Three Lines Model?

AAs internal control is part of risk management, the internal audit role in risk management implies reduced emphasis on internal control.

BInternal audit can blur the distinction between the second and the third lines as long as value is added.

CInternal audit cannot rely on other assurance providers when opining on the effectiveness of risk management.

DInternal audit should be aligned with first- and second-line functions through effective communication, cooperation, and collaboration.

Show Suggested Answer

Suggested Answer: D

by Eve at Sep 12, 2024, 10:57 PM

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Sueann

27 days ago

Reducing the emphasis on internal control? That's like a firefighter saying they don't need to worry about water! Option A is a hard pass for me.

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Halina

1 days ago

I think option D makes the most sense, alignment is key.

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Aja

14 days ago

I agree, internal control is crucial for risk management.

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Markus

1 months ago

D is the way to go. Internal audit should be a trusted advisor, not an isolated function.

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Layla

1 months ago

I'm not sure, but I think B could also be a valid answer since adding value is important.

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Yesenia

1 months ago

Haha, if internal audit can't rely on other assurance providers, they must be a bunch of control freaks! Option C is a bit too rigid in my opinion.

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Katie

5 days ago

User 3: Definitely, collaboration is key for effective risk management.

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Sunshine

6 days ago

User 2: Yeah, internal audit should work together with other assurance providers.

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Jerrod

12 days ago

I agree, option C does seem a bit strict.

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Phuong

1 months ago

B is an interesting option, but I'm not sure if blurring the lines is actually a good idea. Maintaining clear roles seems important to me.

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Yuonne

4 days ago

Effective communication and collaboration are key for internal audit to add value in the organization.

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Rueben

5 days ago

Blurring the lines between roles can lead to confusion and potential conflicts.

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Rosenda

14 days ago

I think option D makes more sense, aligning with first- and second-line functions can enhance overall performance.

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Anna

22 days ago

I agree, maintaining clear roles is crucial for effective governance.

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Kathryn

2 months ago

I agree with Buddy, because alignment with first- and second-line functions is crucial for internal audit.

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Buddy

2 months ago

I think the answer is D.

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Lorita

2 months ago

I agree with D. Collaboration between internal audit and the other lines is crucial for a well-functioning risk management system.

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Kerry

25 days ago

Yes, communication and cooperation are essential for a well-functioning system.

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Katy

30 days ago

Internal audit should definitely be aligned with the other lines.

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Chun

1 months ago

I agree, collaboration is key for effective risk management.

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Galen

1 months ago

I think D is the correct answer.

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Doretha

2 months ago

Option D makes the most sense. Internal audit should work closely with other lines to provide effective assurance and advice.

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Socorro

1 months ago

Definitely, communication and collaboration are key in the Three Lines Model.

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Dudley

2 months ago

I agree, option D is crucial for internal audit to be effective.

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