Exam IIA-CIA-Part2 topic 5 question 146 discussion

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

Question #: 146
Topic #: 5

Some time after the final audit report was issued, the engagement supervisor learned that several internal control deficiencies were not remedied, despite management's previous agreement to remedy them. According to IIA guidance, which of the following is the most appropriate response?

A. The engagement supervisor must notify the chief audit executive (CAE) that the deficiencies have not been rectified.
B. The engagement supervisor should rely on professional judgment as to whether the CAE should be informed, or the management action plan should be adjusted.
C. The engagement supervisor should rely on his negotiation skills and issue an ultimatum to management to remedy the control deficiencies.
D. Ensure that these deficiencies are captured in the documentation as high-priority areas to be reviewed during the next audit.

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Suggested Answer: D 🗳️

by emtofid at Sept. 9, 2024, 1:42 p.m.

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AFD22

1 week, 3 days ago

Selected Answer: A

The engagement supervisor must notify the chief audit executive (CAE) that the deficiencies have not been rectified.

upvoted 1 times

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emtofid

4 months, 1 week ago

Selected Answer: A

If internal control deficiencies remain unresolved despite prior agreements, the CAE needs to be informed to decide the next course of action, such as escalating the issue to senior management or the audit committee. The CAE is responsible for ensuring that significant risks are addressed and should be aware of any deficiencies that are not remedied.

upvoted 1 times

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Exam IIA-CIA-Part2 topic 5 question 146 discussion

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AFD22

emtofid

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