IIA-CIA-PART2 · Question #268
An internal audit intends to create a risk and control matrix to better understand the organization's complex manufacturing process. With which of the following approaches would the auditor most…
The correct answer is D. Conduct a walk-through of all related activates. When creating a risk and control matrix to understand a complex manufacturing process, the internal auditor should start by conducting a walk-through of all related activities. This approach allows the auditor to observe the processes in action, understand the flow of…
Question
An internal audit intends to create a risk and control matrix to better understand the organization's complex manufacturing process. With which of the following approaches would the auditor most likely start?
Options
- AAssess management responses to key risk exposures
- BAnalyze the costs and benefits of key controls
- CEvaluate the design adequacy of known controls
- DConduct a walk-through of all related activates
How the community answered
(35 responses)- A14% (5)
- B3% (1)
- C6% (2)
- D77% (27)
Explanation
When creating a risk and control matrix to understand a complex manufacturing process, the internal auditor should start by conducting a walk-through of all related activities. This approach allows the auditor to observe the processes in action, understand the flow of transactions, and identify key controls and risks. A walk-through provides a comprehensive understanding of the operational context, which is essential for developing an accurate and effective risk and control
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