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Exam IIA-CIA-Part1 topic 1 question 95 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 95
Topic #: 1
[All IIA-CIA-Part1 Questions]

In an assurance engagement of treasury operations, an internal auditor is required to consider all of the following issues except:

  • A. The audit committee has requested assurance on the treasury department's compliance with a new policy on the use of financial instruments.
  • B. Treasury management has not instituted any risk management policies.
  • C. Due to the recent sale of a division, the amount of cash and marketable securities managed by the treasury department has increased by 350 percent.
  • D. The external auditors have indicated some difficulties in obtaining account confirmations.
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Suggested Answer: D 🗳️
by NadiaD at Feb. 22, 2021, 8:34 p.m.

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021070e
2 months, 3 weeks ago
D means the external audit got the confirmation at the end!
upvoted 1 times
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Umard
2 years, 1 month ago
The question said except...so all other options are worth considering except D
upvoted 1 times
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thabash
3 years, 4 months ago
its responsibility of the external auditor to get the details and documents from finance department and they have to inform the board about this difficulties
upvoted 2 times
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NadiaD
3 years, 4 months ago
why D?
upvoted 1 times
John1237
2 years, 1 month ago
Option D is not a procedure to be deployed (or issues to consider) during the engagement.
upvoted 1 times
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Ahmad3224
2 years, 12 months ago
because it's an assurance engagement not an audit engagement
upvoted 1 times
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