IIA-CIA-PART2 · Question #298
The audit committee has asked the chief audit executive (CAE) to conduct an ad hoc forensic investigation of the purchasing department within a month due to the significance and urgency of a…
The correct answer is A. Outsource the investigation to independent professional consultants. Given the urgency and the lack of internal expertise in forensic investigation, the most effective and immediate solution is to outsource the investigation to independent professional consultants. This approach ensures that the investigation is conducted by individuals with the…
Question
The audit committee has asked the chief audit executive (CAE) to conduct an ad hoc forensic investigation of the purchasing department within a month due to the significance and urgency of a recently discovered risk The internal audit activity currently has no available staff with relevant experience or qualifications Which of the following is the CAE's best option for fulfilling the internal audit activity's responsibilities in this case?
Options
- AOutsource the investigation to independent professional consultants
- BSelect certain internal auditors and remove them from their current assignments so that they can
- CRecruit additional internal auditors possessing relevant qualification and experience
- DDecline the engagement at this time
How the community answered
(37 responses)- A89% (33)
- B5% (2)
- C3% (1)
- D3% (1)
Explanation
Given the urgency and the lack of internal expertise in forensic investigation, the most effective and immediate solution is to outsource the investigation to independent professional consultants. This approach ensures that the investigation is conducted by individuals with the necessary skills and experience, thereby maintaining the integrity and quality of the investigation. Training internal staff or recruiting new auditors would take time and may not address the immediate need, while declining the engagement would not fulfill the audit committee's request.
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