IIA-CIA-PART2 · Question #266
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?
The correct answer is C. The ability to reach consistent audit conclusions regardless of who performs the audit. According to IIA guidance, sufficient and reliable information is characterized by the ability to reach consistent audit conclusions regardless of who performs the audit. This means that the information collected during the audit is adequate, factual, and well-documented so…
Question
According to IIA guidance, which of the following reflects a characteristic of sufficient and reliable information?
Options
- AThe establishment of an audit approach and documentation system
- BThe standardization of workpaper terminology and notations
- CThe ability to reach consistent audit conclusions regardless of who performs the audit
- DThe application of documentation standards m an appropriate and consistent manner
How the community answered
(40 responses)- A5% (2)
- B5% (2)
- C88% (35)
- D3% (1)
Explanation
According to IIA guidance, sufficient and reliable information is characterized by the ability to reach consistent audit conclusions regardless of who performs the audit. This means that the information collected during the audit is adequate, factual, and well-documented so that different auditors would be able to draw the same conclusions based on the evidence. Consistency in audit conclusions enhances the reliability and credibility of the audit process.
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