IIA Exam IIA-CRMA Topic 10 Question 89 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 89
Topic #: 10

According to IIA guidance, which of the following statements describes one of the similarities between assurance and consulting services?

AWhen planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.

BInternal auditors determine the engagement objectives, scope, and work program for both assurance and consulting services.

CInternal auditors must not provide assurance or consulting services for an activity for which they had responsibility within the previous year.

DBoth assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.

Show Suggested Answer

Suggested Answer: A

by Viki at Sep 18, 2024, 11:10 PM

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Jacqueline

2 months ago

I'm going with B. It's the only option that really highlights the internal auditor's role in both services. Seems the most comprehensive answer to me.

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Darrel

2 months ago

Option D all the way! It's like a one-stop shop for all your auditing needs, with everyone involved.

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Anissa

28 days ago

Having the internal auditor, area under review, senior management, and the board all on board is crucial for a successful audit.

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Gwenn

1 months ago

It's important to have everyone involved to ensure a comprehensive review.

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Arthur

2 months ago

I agree, option D covers all the key players in the auditing process.

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Lindsey

2 months ago

This is a tough one, but I'm leaning towards option A. Considering the strategies and objectives of the activity is crucial for both assurance and consulting engagements.

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Wynell

25 days ago

That's true, so option D could also be a valid choice.

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Edda

26 days ago

But don't forget that both assurance and consulting services involve the internal auditor, the area under review, senior management, and the board.

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Flo

1 months ago

I agree, that's a key similarity between assurance and consulting services.

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Nicolette

1 months ago

I think option A makes sense. It's important to consider the strategies and objectives of the activity.

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Lashaun

2 months ago

Hmm, I'm torn between B and D. But I think I'll go with D. It just makes sense that both services would involve all those key stakeholders.

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I'm going with option C. Internal auditors must not provide assurance or consulting services for an activity they were responsible for in the previous year. Gotta maintain that independence, you know?

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Desmond

1 months ago

That's a good point about maintaining independence. It's crucial for internal auditors to avoid conflicts of interest.

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Karina

2 months ago

D) Both assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.

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Danica

2 months ago

A) When planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.

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Kris

3 months ago

I'm not sure, but I think it's important to involve senior management and the board in both types of services.

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Esteban

3 months ago

Option B seems to be the right answer. The internal auditors are responsible for determining the engagement objectives, scope, and work program for both assurance and consulting services.

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Theola

3 months ago

I agree with Christiane, because both assurance and consulting services involve multiple parties.

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Casey

3 months ago

I think option D is the correct answer. Both assurance and consulting services involve the internal auditor, the area under review, senior management, and the board.

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Shaun

2 months ago

I see your point, but I still think option D is the best choice.

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Marion

2 months ago

I'm not sure, but I think option A could also be a possibility.

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Galen

2 months ago

Yes, I think so too. It makes sense that both services involve those key stakeholders.

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Emile

3 months ago

I agree, option D seems to be the most accurate.

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Christiane

3 months ago

I think the answer is D.

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IIA Exam IIA-CRMA Topic 10 Question 89 Discussion

Contribute your Thoughts:

Jacqueline

Darrel

Anissa

Gwenn

Arthur

Lindsey

Wynell

Edda

Flo

Nicolette

Lashaun

Marquetta

Desmond

Karina

Danica

Kris

Esteban

Theola

Casey

Shaun

Marion

Galen

Emile

Christiane