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Exam IIA-CIA-Part1 All Questions

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Exam IIA-CIA-Part1 topic 1 question 34 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 34
Topic #: 1
[All IIA-CIA-Part1 Questions]

An audit to test the system of controls over the purchase, distribution, and use of radioactive material is being conducted at a company's plants. The process is well documented, and employees in the safety department are very familiar with the department's procedures. Since the purchasing and facilities departments are involved in the process, the auditor is considering reviewing their radioactive material-handling procedures as well. The auditor should:

  • A. Have confidence in the rigorous and detailed safety department procedures, since that department has the main responsibility for radiation safety, and should not use audit time to review other departments.
  • B. Adjust the engagement schedule and budget, if needed, and interview the appropriate individuals in the purchasing and facilities departments to ascertain whether additional controls exist that complement those identified within the safety department.
  • C. Test the controls identified within the safety department; if results are unfavorable, the auditor should consider whether to involve the other departments.
  • D. Defer questions regarding purchasing, facilities, and other departments until audit projects can be scheduled for those departments.
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Suggested Answer: B 🗳️
by Heptic at Jan. 22, 2021, 9:31 a.m.

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Ivana2000
11 months, 1 week ago
I did not take C because it says if test were unfavorable ( you can not presume the tests, what if they were favorable you must make budget adjustment anyhow )
upvoted 1 times
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Eufra
1 year, 5 months ago
Purchasing and facilities dept are involved in the process, thus need to be assessed by the auditor. This is in light of the Standard to exercise due professional care. Option C will not cover the overall departments that involve in the process.
upvoted 3 times
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Heptic
1 year, 5 months ago
Audit budget is approved by the board, is it okay for the auditor to adjust budget on his own without consulting the board? Why not option C?
upvoted 1 times
Mikoyan
2 days, 14 hours ago
It's true that Audit Committee approves the budget (which is the total line based on expected cost for each engagement). Option B states "adjust the budget" means increasing the timeline for the audit engagement being carried out currently to also include the procurement department, which will increase the budgeted cost allocated for the engagement. This still will be within the overall budget allocated by the AC/ BoD for the IAD.
upvoted 1 times
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John1237
1 month, 3 weeks ago
Since the purchasing and facilities departments are involved in the process, the auditor is considering reviewing their radioactive material-handling procedures as well.
upvoted 1 times
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