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Exam IIA-CIA-Part1 topic 5 question 75 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 75
Topic #: 5
[All IIA-CIA-Part1 Questions]

When an internal auditor applies due professional care to perform an assurance engagement, which of the following must she consider?
1. Findings of the last audit engagement performed.
2. Probability of significant errors, irregularities, or noncompliance.
3. Extent of work needed to achieve engagement objectives.
4. Cost of the engagement versus the potential benefits.

  • A. 1 and 4 only
  • B. 2 and 3 only
  • C. 2, 3, and 4 only
  • D. 1, 2, 3, and 4
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Suggested Answer: C 🗳️
by chachae at Aug. 18, 2021, 11:51 a.m.

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poundr
9 months, 1 week ago
In assurance engagement 1 is not applicable as it is for all type of engagements
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chachae
11 months ago
Why is no. 1 not considered?
upvoted 1 times
John1237
1 month, 2 weeks ago
It can be assumed that the findings of the last audit engagement were formalized with due professional care (by applying Options B, C, and D). For the current engagement, it is up to the internal auditor to apply due professional care by implementing Options B, C, and D.
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