Exam IIA-CIA-Part2 Topic 6 Question 247 Discussion

Actual exam question for IIA's IIA-CIA-Part2 exam
Question #: 247
Topic #: 6
While planning for an accounts payable audit an internal auditor performs an entity level controls analysis.
Which of the following statements is true regarding me approach used by the auditor?

Suggested Answer: B Vote an answer

Performing an entity-level controls analysis helps the auditor understand the overarching framework of activities and subprocesses within the accounts payable function. This approach provides a high-level view of the control environment and how different processes interrelate and contribute to the overall control objectives. By understanding the framework, the auditor can identify key controls, assess their design and implementation, and determine areas of potential risk. This foundational understanding is crucial before delving into more detailed, transaction-level testing.References:
* Institute of Internal Auditors (IIA), International Standards for the Professional Practice of Internal Auditing (Standards), Standard 2130 - Control.

by Esther at Apr 13, 2025, 01:28 AM

Limited Time Offer

15%

Off

Get Premium IIA-CIA-Part2 Questions as Interactive Self Test Engine or PDF

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Nick name: Submit Cancel
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
0
0
0
10