According to IIA guidance, which of the following is true regarding the exit conference for an internal audit engagement?

Question

Options

• AA primary purpose of the exit conference is to provide for the timely communication of
• BBoth the chief audit executive and the chief executive over the activity or function reviewed must
• CThe exit conference provides only anticipated results for inclusion in the final audit communication.
• DDuring the exit conference, the performance of the internal auditors who executed the engagement

• A
  88% (30)
• B
  3% (1)
• C
  3% (1)
• D
  6% (2)

Explanation

According to IIA guidance, the primary purpose of the exit conference is to ensure timely communication of observations and findings, especially those that require immediate management action. This meeting allows auditors to discuss their findings with management, address any disagreements, and clarify the facts before the final report is issued. It does not require the attendance of both the chief audit executive and the chief executive over the activity (B), nor is it solely for reviewing anticipated results (C) or the performance of the internal auditors

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