According to IIA guidance, which policy, established by the chief audit executive, would most likely ensure internal audits are conducted with due professional care?

Question

Options

• AThe initial review of workpapers should be conducted after the final engagement report is issued.
• BIndependent internal assessments of the internal audit activity should be performed by entry-
• CInternal audit staff should be informed regularly of changes to policies and procedures.
• DTraining documents should be destroyed at the end of the year to create space for the next year's

• A
  8% (2)
• B
  4% (1)
• C
  84% (21)
• D
  4% (1)

Explanation

Option C is correct because due professional care requires internal auditors to maintain current knowledge and competency - keeping staff informed of policy and procedure changes ensures auditors apply up-to-date criteria when conducting engagements, a core element of the IIA's Standard on due professional care.

Option A is wrong because reviewing workpapers after the final report is issued defeats the purpose of supervisory review - by then, errors cannot be corrected before the report goes out, which actually undermines due care rather than ensuring it.

Option B is wrong because quality assessments must be performed by qualified, experienced assessors (not entry-level staff); using under-qualified personnel to assess the audit activity contradicts the competency requirements embedded in due professional care.

Option D is wrong because destroying training documents eliminates resources that support staff competency and knowledge retention - due professional care requires maintaining and building expertise, not discarding it.

Memory tip: Think of due professional care as a doctor's standard of care - a doctor who ignores updated medical guidelines is negligent. Similarly, internal auditors who aren't informed of policy changes can't audit effectively. Informed staff = competent audits = due care.

No community discussion yet for this question.