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IIA Exam IIA-CIA-Part1 Topic 8 Question 68 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 68
Topic #: 8
[All IIA-CIA-Part1 Questions]

The level of authority for the internal audit activity is granted by which of the following?

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Suggested Answer: B

The internal audit charter formally grants the internal audit activity its authority, as per IIA standards. It outlines the audit function's scope, responsibilities, and independence within the organization.


by Roselle at Jan 12, 2025, 04:27 AM

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Rory
10 days ago
Haha, the chief audit executive granting their own level of authority? That's like the fox guarding the henhouse. Definitely option B for me.
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Adaline
17 days ago
I'm going with option B. The internal audit charter is the ultimate authority. It's the auditor's version of the Magna Carta.
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Alberta
3 days ago
I agree, the internal audit charter is like our constitution.
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Joanna
22 days ago
But doesn't the International Professional Practices Framework also play a role in granting authority?
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Leonora
23 days ago
I believe it's actually granted by the chief audit executive.
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Joanna
24 days ago
I think the level of authority is granted by the internal audit charter.
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Carylon
1 months ago
B is the way to go. The internal audit charter is the foundation for the whole operation. It's like the constitution for internal auditors.
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Eve
2 days ago
C) The International Professional Practices Framework.
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Tonja
7 days ago
B) The internal audit charter.
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Oliva
19 days ago
A) The chief audit executive.
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Estrella
1 months ago
The internal audit charter definitely grants the level of authority, not the chief audit executive. Gotta read the fine print, you know?
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Melissa
19 days ago
C) The International Professional Practices Framework.
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Elise
24 days ago
B) The internal audit charter.
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Chantell
27 days ago
A) The chief audit executive.
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