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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 5 question 313 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 313
Topic #: 5
[All IIA-CIA-Part2 Questions]

According to IIA guidance, which of the following would be considered necessary for a one-person audit function?

  • A. A formalized technical audit manual.
  • B. A written administrative audit manual.
  • C. A memorandum stating policies and procedures.
  • D. A comprehensive policy and procedure manual.
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Suggested Answer: D 🗳️

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emtofid
5 months, 3 weeks ago
Selected Answer: C
a one-person audit function may not require extensive formal documentation such as a comprehensive policy and procedure manual or a technical audit manual. However, a memorandum stating the key policies and procedures that guide the audit function would be necessary to ensure clarity and consistency in the internal audit processes, especially when it comes to governance, methodology, and reporting.
upvoted 4 times
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hshokry
9 months, 1 week ago
Selected Answer: B
I guess the answer is wrong , Comprehensive IA manual is considered for large IA
upvoted 1 times
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