Exam IIA-CIA-Part2 topic 5 question 287 discussion

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

Question #: 287
Topic #: 5

An internal auditor was assigned to review controls in the accounts payable function. Most of the accounts payable processes are performed by a third-party service provider. The auditor included in the audit report a number of control deficiencies involving processes performed by the service provider. The service provider requested a copy of the report. Which of the following would be the most appropriate response from the chief audit executive (CAE)?

A. The CAE would automatically send a copy of the report to the service provider, as many of the findings relate to the area managed by the service provider.
B. The CAE may distribute the report to the service provider at no cost, after consulting with legal counsel and the chief compliance officer.
C. The CAE may provide a copy of the audit report to the service provider if an agreement is signed and the service provider agrees to reimburse the cost of the audit.
D. The CAE should benchmark with other organizations in the industry by consulting with colleagues and distribute the report only if it is an acceptable practice in the industry.

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Suggested Answer: A 🗳️

by emtofid at Sept. 13, 2024, 2:49 p.m.

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emtofid

5 months, 3 weeks ago

Selected Answer: B

It is important for the CAE to ensure that the distribution of the audit report aligns with legal and organizational policies.

upvoted 2 times

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Exam IIA-CIA-Part2 topic 5 question 287 discussion

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emtofid

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