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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 5 question 24 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 24
Topic #: 5
[All IIA-CIA-Part2 Questions]

It is close to the fiscal year end for a government agency, and the chief audit executive (CAE) has the following items to submit to either the board or the chief executive officer (CEO) for approval. According to IIA guidance, which of the following items should be submitted only to the CEO?

  • A. The internal audit risk assessment and audit plan for the next fiscal year.
  • B. The internal audit budget and resource plan for the coming fiscal year.
  • C. A request for an increase of the CAE's salary for the next fiscal year.
  • D. The evaluation and compensation of the internal audit team.
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Suggested Answer: D 🗳️
by emtofid at Aug. 29, 2024, 11:22 p.m.

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Elvoo
2 months, 1 week ago
WHY NOT B?
upvoted 1 times
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emtofid
2 months, 2 weeks ago
Sounds right.
upvoted 2 times
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jsalamba
4 months, 2 weeks ago
Selected Answer: D
Not C because in order for independence, CAE compensation is approved by the Board or Audit Committee, so D is correct
upvoted 2 times
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emtofid
4 months, 2 weeks ago
Selected Answer: C
CEO is usually responsible for approving compensation adjustments for executive positions, including the CAE.
upvoted 1 times
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