Cyber Monday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location PL
Mob_nav_barsMENU

IIA Exam IIA-CHAL-QISA Topic 2 Question 1 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam
Question #: 1
Topic #: 2
[All IIA-CHAL-QISA Questions]

According to IIA guidance, which of the following actions by the chief audit executive would best ensure that internal auditors demonstrate due professional care?

Show Suggested Answer Hide Answer
Suggested Answer: A

Professional Care: Ensuring that internal auditors demonstrate due professional care involves establishing clear policies and procedures that guide their activities.

Guidance and Standards: These policies and procedures help ensure that the internal audit activity adheres to professional standards and best practices.

Standard Compliance: According to the IIA's Performance Standard 2040 -- Policies and Procedures, the CAE must establish policies and procedures to guide the internal audit activity.

Quality Assurance: Properly developed policies and procedures contribute to the overall quality and effectiveness of the internal audit activity, ensuring that engagements are conducted with due professional care.


IIA Standard 2040 -- Policies and Procedures .

by Phuong at Jul 03, 2024, 07:10 PM

Limited Time Offer

25%

Off

Get Premium IIA-CHAL-QISA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Dannie
4 months ago
Option D? More like 'Ensuring the internal audit activity reports functionally to the board of directors... and then runs for the hills'.
upvoted 0 times
...
Luz
4 months ago
Option A? More like 'Developing policies and procedures for the internal audit activity to avoid falling asleep during engagements'.
upvoted 0 times
...
Jovita
4 months ago
I'd have to go with option C. Taking on all management requests shows the internal auditors are really dedicated to their work.
upvoted 0 times
...
Lynda
4 months ago
Option B is the way to go. Ensuring the internal audit activity is never found fallible is the ultimate way to demonstrate due professional care.
upvoted 0 times
Julio
3 months ago
C) Undertaking all engagements that management requests of the internal audit activity.
upvoted 0 times
...
Golda
4 months ago
B) Ensuring the internal audit activity is not found fallible during audit engagements.
upvoted 0 times
...
Dahlia
4 months ago
A) Developing policies and procedures for the internal audit activity
upvoted 0 times
...
...
Gilberto
4 months ago
Option D sounds like the best choice to me. Reporting to the board strengthens the independence and objectivity of the internal audit function.
upvoted 0 times
Keena
3 months ago
Undertaking all engagements requested by management seems like a lot of work.
upvoted 0 times
...
Katie
3 months ago
Developing policies and procedures is also important for due professional care.
upvoted 0 times
...
Earleen
3 months ago
I agree, reporting to the board enhances independence.
upvoted 0 times
...
Aliza
4 months ago
I think option D is the best choice.
upvoted 0 times
...
...
Katheryn
5 months ago
I think option A is the correct answer. Developing policies and procedures helps ensure consistent application of due professional care.
upvoted 0 times
Olive
4 months ago
I think option D is also important, reporting functionally to the board of directors can help ensure independence and objectivity.
upvoted 0 times
...
Aleshia
4 months ago
I agree, developing policies and procedures is crucial for demonstrating due professional care.
upvoted 0 times
...
...
Sherell
5 months ago
That's a good point, Cora. Reporting to the board of directors can also ensure independence and objectivity in the internal audit activity.
upvoted 0 times
...
Cora
5 months ago
But what about option D) Ensuring the internal audit activity reports functionally to the board of directors? Wouldn't that also demonstrate due professional care?
upvoted 0 times
...
Suzi
6 months ago
I agree with Sherell, having clear policies and procedures in place shows due professional care.
upvoted 0 times
...
Sherell
6 months ago
I think the answer is A) Developing policies and procedures for the internal audit activity.
upvoted 0 times
...

Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77