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IIA-CIA-PART2 · Question #42

Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements? 1. Consider employees from other operational areas as audit…

The correct answer is B. 2 and 4 only. When identifying audit resource requirements, the chief audit executive (CAE) should consider approaching an external service provider to conduct internal audits in areas where the organization lacks the necessary skills (2). This ensures that audits are conducted by…

Managing the Internal Audit Activity

Question

Which of the following actions are appropriate for the chief audit executive to perform when identifying audit resource requirements? 1. Consider employees from other operational areas as audit resources, to provide additional audit coverage in the organization. 2. Approach an external service provider to conduct internal audits on certain areas of the organization, due to a lack of skills in the organization. 3. Suggest to the audit committee that an audit of technology be deferred until staff can be trained, due to limited IT audit skills among the audit staff. 4. Communicate to senior management a summary report on the status and adequacy of audit resources.

Options

  • A1 and 3 only
  • B2 and 4 only
  • C1, 2, and 4
  • D2, 3, and 4

How the community answered

(27 responses)
  • A
    7% (2)
  • B
    85% (23)
  • C
    4% (1)
  • D
    4% (1)

Explanation

When identifying audit resource requirements, the chief audit executive (CAE) should consider approaching an external service provider to conduct internal audits in areas where the organization lacks the necessary skills (2). This ensures that audits are conducted by individuals with the appropriate expertise. Additionally, communicating to senior management a summary report on the status and adequacy of audit resources (4) keeps them informed about the internal audit activity's capacity and any resource constraints. Considering employees from other operational areas as audit resources (1) could compromise objectivity and independence, while suggesting deferral of audits (3) is generally not advisable as it might leave significant risks

Topics

#audit resources#external service providers#co-sourcing#CAE responsibilities

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