IIA-CIA-PART2 · Question #146
Which of the following is a primary reason for an internal auditor to use a risk and control questionnaire when auditing financial processes?
The correct answer is A. To gam an understanding of the control environment. The primary reason for an internal auditor to use a risk and control questionnaire when auditing financial processes is to gain an understanding of the control environment. These questionnaires help auditors identify and evaluate the presence and effectiveness of controls…
Question
Which of the following is a primary reason for an internal auditor to use a risk and control questionnaire when auditing financial processes?
Options
- ATo gam an understanding of the control environment
- BTo collect as much financial data as possible before engagement fieldwork begins.
- CTo test the effectiveness of financial controls in an efficient and relatively inexpensive way
- DTo facilitate the quantification of financial data obtained
How the community answered
(23 responses)- A87% (20)
- B9% (2)
- C4% (1)
Explanation
The primary reason for an internal auditor to use a risk and control questionnaire when auditing financial processes is to gain an understanding of the control environment. These questionnaires help auditors identify and evaluate the presence and effectiveness of controls within the financial processes. They provide a structured way to gather information about the control environment, helping auditors understand the organization's risk management and control practices before conducting detailed testing.
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