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Exam IIA-CIA-Part2 topic 5 question 473 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 473
Topic #: 5
[All IIA-CIA-Part2 Questions]

A new internal auditor is assigned to assess key risks of electricity sales to business clients and wants to gain an understanding of the business. Which of the following is likely to yield the best understanding of significant risks and related controls?

  • A. A review of the mission statement and long-term strategy of the company.
  • B. A set of interviews with a sample of the business clients.
  • C. An analysis of a sample of electricity contracts concluded with business customers.
  • D. An interview with the manager who is responsible for electricity sales.
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Suggested Answer: D 🗳️
by emtofid at Sept. 24, 2024, 6:59 p.m.

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emtofid
4 months, 1 week ago
Selected Answer: D
The manager responsible for electricity sales would have a comprehensive understanding of both the operational and strategic aspects of the sales process, including key risks, challenges, and the controls in place to mitigate them.
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