According to IIA guidance, which of the following is the most likely obstacle to undertaking a quality assurance and improvement program by the internal audit activity?
A.
The size of internal audit department under review.
While reading, we note that the author can provide the correct answers based on scientific studies.
First of all, I think that ongoing assessments have a cost. Furthermore they need to be supported by independent external assessments (which are also costly).
So the real problem would not be independence, but The inability to adequately fund the program.
D is correct. Research by IIA Global in 2014 asked members what hampered their implementation of QAIPs. According to the results of the survey: 54% of respondents said that financial cost was the main obstacle in establishing QAIP, followed by Lack of staff to supervise engagements effectively (51%), Increased bureaucracy (44%), Increase of paper workload (41%), Too theoretical (21%), Waste of time (9%).
Yes, C is more relevant. Funding shouldn't be a problem, since IAA could perform internal QAIP where staff is utilized and no additional costs are required.
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