IIA-CIA-PART2 · Question #293
According to IIA guidance which of the following best describes reliable information?
The correct answer is A. Reliable information is factual adequate, and convincing so that a prudent informed person would. According to IIA guidance, reliable information must be factual, adequate, and convincing to ensure that a prudent and informed person would reach the same conclusions as the internal auditor. This means that the information should be supported by sufficient and appropriate…
Question
According to IIA guidance which of the following best describes reliable information?
Options
- AReliable information is factual adequate, and convincing so that a prudent informed person would
- BReliable information is the best attainable information through the use of appropriate engagement
- CReliable information supports engagement observations and recommendations and is consistent
- DReliable information helps the organization and the internal audit activity meet its goals
How the community answered
(66 responses)- A94% (62)
- B2% (1)
- C3% (2)
- D2% (1)
Explanation
According to IIA guidance, reliable information must be factual, adequate, and convincing to ensure that a prudent and informed person would reach the same conclusions as the internal auditor. This means that the information should be supported by sufficient and appropriate evidence that can be independently verified and substantiated. Reliability of information is crucial for the credibility of audit findings and for making informed decisions based on those findings.
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