Exam IIA-CIA-Part2 topic 5 question 212 discussion

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

Question #: 212
Topic #: 5

The chief audit executive (CAE) has made a significant change to the internal audit plan and is preparing to present a formal update to the board. According to IIA guidance, which of the following represents the most appropriate approach for the CAE to take?

A. Inform the board of the change before the presentation, and conduct a discussion session at the time of the presentation to answer questions.
B. Inform senior management of the change and seek their approval before the presentation, then seek approval from the board at the time of the presentation.
C. Inform senior management and the board of the change via the presentation, then solicit discussion, and finally seek the approval of only the board.
D. Inform senior management and the board of the change via the presentation; to approvals are necessary.

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Suggested Answer: D 🗳️

by emtofid at Sept. 10, 2024, 7:32 p.m.

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Elvoo

3 months, 3 weeks ago

What about B? The IIA's Standard 2020 – Communication and Approval emphasizes that the CAE must communicate the internal audit activity’s plans and resource requirements, including significant interim changes, to senior management and the board for review and approval. This process ensures that both senior management and the board are informed and have the opportunity to provide input or approval before the plan is finalized.

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emtofid

5 months, 3 weeks ago

Selected Answer: C

i think C

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Exam IIA-CIA-Part2 topic 5 question 212 discussion

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Elvoo

emtofid

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