Exam IIA-CIA-Part1 Topic 3 Question 79 Discussion

Actual exam question for IIA's IIA-CIA-Part1 exam
Question #: 79
Topic #: 3

Which of the following scenarios best demonstrates the application of internal audit proficiency?

A. Management requests that the internal audit activity review and provide feedback on its strategic plans for a merger, but the chief audit executive (CAE) declines the engagement due to the team's lack of experience with mergers. B. Due to the routine and recurring nature of bank branch audits, an audit manager often excludes detailed planning at the beginning of the audit and immediately performs fieldwork. C. A CAE reassigns auditors from other audits to perform testing on all of the fixed asset additions for a period, including amounts below the materiality level stated by external auditors. D. During fieldwork, an auditor observed a lack of segregation of duties over cash management. The auditor reported this observation to his supervisor, who decided that the area should be examined in a subsequent audit.

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