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IIA-CIA-PART2 · Question #98

When me internal audit activity does not have sufficient time to complete its usual root cause analysis which c4 the following is most appropriate?

The correct answer is A. The chief audit executive may recommend that management conduct further work to identify the. According to IIA guidance, if the internal audit activity does not have sufficient time to complete its usual root cause analysis, the chief audit executive (CAE) may recommend that management conduct further work to identify the root cause and address the issue. This approach…

Conducting Internal Audit Engagements

Question

When me internal audit activity does not have sufficient time to complete its usual root cause analysis which c4 the following is most appropriate?

Options

  • AThe chief audit executive may recommend that management conduct further work to identify the
  • BInternal auditors should finish the engagement without conducting the root cause analysis and
  • Cinternal auditors must adjust their future engagement schedule to ensure that the root cause
  • DInternal auditors should Instead perform a Pareto rule analysis

How the community answered

(17 responses)
  • A
    82% (14)
  • C
    6% (1)
  • D
    12% (2)

Explanation

According to IIA guidance, if the internal audit activity does not have sufficient time to complete its usual root cause analysis, the chief audit executive (CAE) may recommend that management conduct further work to identify the root cause and address the issue. This approach ensures that the root cause is still identified and addressed without delaying the audit report, maintaining the integrity and usefulness of the audit findings while leveraging management's resources.

Topics

#root cause analysis#CAE guidance#time constraints#engagement scope

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