Exam IIA-CIA-Part2 Topic 1 Question 277 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam
Question #: 277
Topic #: 1
An audit observation noted that annual inventory counts of biofuel was not being performed appropriately Fuel yards were not visited and physical amounts of biofuel were not reconciled with accounting data Management of the division understood the issue and promised to resolve the problem When should the internal auditor schedule a follow-up review?

Suggested Answer: A Vote an answer

Strategic sourcing would best assist the CAE in balancing the internal audit activity's needs for technical audit skills, budget efficiency, and staff development opportunities. Strategic sourcing involves using a mix of internal resources, co-sourcing, and outsourcing to optimize the audit function. This approach allows the CAE to leverage external expertise for specialized skills, manage costs effectively, and provide growth opportunities for internal staff.
IIA Standards: 2030 - Resource Management
IIA Practice Guide: Developing the Internal Audit Strategic Plan

by serkankuzu at Nov 23, 2025, 07:03 AM

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serkankuzu
2025-11-23 07:03:25
Selected Answer: C
Nowhere in the internal audit legislation does the phrase "two months" appear. Management may take the action in option C within a week. Therefore, the answer is C.
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