IIA Exam IIA-CRMA Topic 1 Question 76 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 76
Topic #: 1

Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?

AAn independent third party has assessed the organization's system of internal controls to be adequate and effective.

BThe chief audit executive reports both functionally and administratively to the CEO.

CThe internal audit charter is drafted properly and approved by the appropriate parties.

DThe mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.

Show Suggested Answer

Suggested Answer: B

by Jess at Apr 28, 2024, 01:41 AM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

6 months ago

Maybe, though internal audit charter approval in option C could ensure proper boundaries.

upvoted 0 times

...

6 months ago

Yeah, option A does seem thorough, but isn't reporting structure more direct evidence?

upvoted 0 times

...

7 months ago

But what about an independent third party assessment? Option A sounds solid too.

upvoted 0 times

...

7 months ago

True, option B makes sense. Direct reporting shows independence.

upvoted 0 times

...

7 months ago

I think the best evidence would be if the chief audit executive reports to the CEO.

upvoted 0 times

...

7 months ago

Hmm, tricky question about internal audit independence.

upvoted 0 times

...