IIA Exam IIA-IAP Topic 5 Question 7 Discussion

Actual exam question for IIA's IIA-IAP exam

Question #: 7
Topic #: 5

Which of the following statements is true regarding engagement status meetings?

AThey are expected to enhance the relationships between the internal audit activity and management of the area under review.

BThey mainly involve one-way communication from the internal auditor to management of the area under review.

CThey should involve the chief audit executive and senior management.

Show Suggested Answer

Suggested Answer: A

Comprehensive and Detailed Step-by-Step Explanation:

Enhancing Relationships: Status meetings facilitate two-way communication, keeping management informed about audit progress and fostering collaboration. Open discussions during these meetings help address concerns and strengthen the relationship between internal audit and management.

Other Options:

Option B: Status meetings should involve two-way communication, not just updates from auditors.

Option C: The chief audit executive and senior management are typically involved in higher-level discussions, not routine engagement status meetings.

Thus, the correct answer is A.

by Ricarda at Feb 06, 2025, 03:15 PM

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16 days ago

I think the answer is A.

upvoted 0 times

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