IIA Exam IIA-CRMA Topic 5 Question 81 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 81
Topic #: 5

A new director was hired to lead the internal audit activity at a small start-up company. Which of the following assignments would impair the director's independence?

APreparing the financial statements for the company's defined contribution plan.

BPerforming a pre-implementation review of the company's payroll application.

CProviding the COBIT framework as a possible IT management tool.

DReviewing the company's policy for foreign currency translation adjustments for compliance with accounting standards.

Show Suggested Answer

Suggested Answer: A

by Lon at Jul 01, 2024, 12:52 AM

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Ruby

6 hours ago

I agree with Leota. Preparing financial statements could create a conflict of interest.

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Leota

3 days ago

I think option A would impair the director's independence.

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