IIA Exam IIA-CIA-Part2 Topic 8 Question 87 Discussion

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

Question #: 87
Topic #: 8

[All IIA-CIA-Part2 Questions]

According to IIA guidance, which of the following steps should precede the development of audit engagement objectives?

AIdentification of controls.

BScope establishment.

CRisk assessment.

DReview of resources.

Show Suggested Answer

Suggested Answer: C

by Verona at Sep 19, 2024, 07:04 AM

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Lucille

1 months ago

Risk assessment - the crystal ball of the audit world. Might as well consult the tea leaves while you're at it.

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Lavera

1 days ago

B) Scope establishment.

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Iraida

4 days ago

B) Scope establishment.

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Barney

9 days ago

A) Identification of controls.

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Alyssa

17 days ago

A) Identification of controls.

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Jacklyn

1 months ago

Just don't forget to factor in the resources available. Gotta be realistic, you know?

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Roosevelt

17 days ago

B) Scope establishment.

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Yolande

24 days ago

A) Identification of controls.

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Mohammad

1 months ago

C) Risk assessment.

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Lynsey

2 months ago

Risk assessment is the way to go. Can't have objectives without understanding the potential issues first.

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Pura

12 days ago

Once we know the risks, we can then establish our audit engagement objectives.

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Melynda

13 days ago

C) Risk assessment is definitely the first step.

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Gwen

23 days ago

Agreed, understanding the risks is crucial before setting objectives.

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Hector

2 months ago

C) Risk assessment.

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Vinnie

2 months ago

Hmm, I was thinking scope establishment might come first, but risk assessment makes more sense as the foundation.

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Mable

27 days ago

C) Risk assessment.

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Leigha

1 months ago

A) Identification of controls.

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Thea

2 months ago

I agree, C is the correct answer. You gotta know the risks before you can determine your audit objectives.

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Trina

2 months ago

Risk assessment is definitely the first step before setting engagement objectives. It helps us identify the key areas of focus.

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Adolph

1 months ago

B) Scope establishment.

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Claribel

1 months ago

A) Identification of controls.

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Jacquline

2 months ago

C) Risk assessment.

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Carole

2 months ago

I'm not sure, but I think it makes sense to assess risks before setting objectives.

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Luisa

3 months ago

I agree with Ronnie, because assessing risks helps in setting the audit objectives.

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Ronnie

3 months ago

I think the answer is C) Risk assessment.

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