IIA-CIA-PART2 · Question #116
A chief audit executive (CAE) is trying to balance the internal audit activity's needs for technical audit skills budget efficiency and staff development opportunities. Which of the following would…
The correct answer is A. Strategic sourcing. When an internal auditor receives a document displaying all the steps of a process and the path taken as transactions flow between each step, the auditor is most likely to use this document to perform an assessment of the adequacy of process controls. This flowchart or process…
Question
A chief audit executive (CAE) is trying to balance the internal audit activity's needs for technical audit skills budget efficiency and staff development opportunities. Which of the following would best assist the CAE in achieving this balance1?
Options
- AStrategic sourcing
- BLoan staff arrangement
- CFlat organizational structure
- DHierarchical organizational structure
How the community answered
(31 responses)- A81% (25)
- B3% (1)
- C6% (2)
- D10% (3)
Explanation
When an internal auditor receives a document displaying all the steps of a process and the path taken as transactions flow between each step, the auditor is most likely to use this document to perform an assessment of the adequacy of process controls. This flowchart or process map helps the auditor understand the process, identify key control points, and evaluate whether the existing controls are sufficient to mitigate risks within the process.
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