IIA Exam IIA-CRMA Topic 1 Question 31 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 31
Topic #: 1

The security department uncovered what appears to be a complex fraud in the accounting department. The CEO has requested the internal audit activity to investigate the fraud. If the internal audit staff lacks the expertise to conduct the investigation, how should the chief audit executive proceed?

ADisclose the deficiency, and request that the investigation be reassigned to the first line of defense.

BProceed with the investigation, as internal auditors are not required to have fraud expertise.

COutsource the sensitive investigation to a third-party consultant with fraud expertise.

DSelect a member of the accounting department who is not involved in the fraud to join the investigation team in a consulting capacity.

Show Suggested Answer

Suggested Answer: C

by Staci at May 07, 2022, 11:39 PM

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