IIA Exam IIA-CIA-Part2 Topic 7 Question 91 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam

Question #: 91
Topic #: 7

If there is a significant error or omission in the final audit report that was communicated to management, which of the following is the key action for the internal audit activity?

ACommunicate the corrected information to the manager of the audited department.

BThere should be a follow-up audit to address the error or omission.

CThe auditor should update the scope of the audit to include the omission.

DThe corrected communication should be redistributed to the original recipients.
If a significant error or omission is found in the final audit report, it is crucial for the internal audit activity to correct the information and redistribute the corrected report to all original recipients. This ensures that all stakeholders are informed of the accurate findings and can take appropriate actions based on correct information.
IIA Reference:
IIA Standard 2440: Disseminating Results requires that the internal audit activity communicate accurate and complete results. If an error or omission is identified, the corrected information must be promptly communicated to all relevant parties to maintain the integrity of the audit process.
The Practice Guide on Communicating Results emphasizes that errors in audit reports should be corrected and the revised report should be distributed to ensure stakeholders are acting on accurate information.

Show Suggested Answer

Suggested Answer: D

by Dong at Sep 13, 2024, 12:03 PM

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Felix

2 months ago

Option D all the way. If I was a manager relying on that audit report and found out there was an error, I'd be pretty ticked off if I wasn't informed. Transparency is key here.

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Earleen

2 months ago

Haha, I wonder if the auditors tried to sneak in the corrected report under the cover of night, hoping no one would notice. But nope, gotta do it by the book!

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Dallas

1 months ago

D) The corrected communication should be redistributed to the original recipients.

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Anthony

1 months ago

B) There should be a follow-up audit to address the error or omission.

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Marleen

2 months ago

A) Communicate the corrected information to the manager of the audited department.

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Nydia

2 months ago

Option D is the way to go. Gotta love how the IIA standards lay it out - you messed up, you fix it and you tell everyone. Simple as that.

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Mirta

1 months ago

D) The corrected communication should be redistributed to the original recipients.

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Marti

1 months ago

B) There should be a follow-up audit to address the error or omission.

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Margret

2 months ago

A) Communicate the corrected information to the manager of the audited department.

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Cathrine

2 months ago

I'm going with Option D as well. Imagine if the error or omission was about something crucial, like financial irregularities. The organization needs to be informed of the right information to take appropriate action.

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Jimmie

2 months ago

I agree with Timothy. Communicating the corrected information to the manager of the audited department (Option A) is not enough. We need to make sure everyone who received the initial report gets the updated version.

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Valentin

1 months ago

B) There should be a follow-up audit to address the error or omission.

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Ricki

1 months ago

D) The corrected communication should be redistributed to the original recipients.

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Elbert

1 months ago

A) Communicate the corrected information to the manager of the audited department.

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Rosendo

3 months ago

Yes, I believe the corrected communication should be redistributed to the original recipients to ensure everyone has the accurate findings.

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Frankie

3 months ago

I agree with Caitlin. It's important to make sure the right information is shared with the relevant parties.

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Caitlin

3 months ago

I think the key action is to communicate the corrected information to the manager of the audited department.

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Timothy

3 months ago

Option D is the correct answer. If there's a significant error or omission, we need to redistribute the corrected report to all the original recipients. Anything less would be unethical and could lead to major problems down the line.

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Meaghan

2 months ago

D) The corrected communication should be redistributed to the original recipients.

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Marsha

3 months ago

A) Communicate the corrected information to the manager of the audited department.

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