Student Forums CIA Part 2: Practice of Internal Auditing Section I: Managing the Internal Audit Activity CIA 590 II.8 (Topic: 1B. Administrative Activities of the IIA)

CIA 590 II.8 (Topic: 1B. Administrative Activities of the IIA)

  • This topic has 2 replies, 2 voices, and was last updated 1 week, 1 day ago by Debbie V..
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  • #242218

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    This forum is restricted to members of the associated course(s).

    Debbie V.
    Participant

    The requirements for staffing level, education and training, and research should be included in

    • A. The internal audit activity’s charter.
    • B. The internal audit activity’s policies and procedures manual.
    • C. The annual plan for the internal audit activity. correct
    • D. Job descriptions for the various staff positions. wrong

    Your Incorrect Answer Explanation for D:

    Job (position) descriptions would not contain any research requirements.

    Correct Answer Explanation for C:

    The annual plan for the IAA would involve establishing staffing and financial budgets.

    Explanation for A:

    The charter describes the overall purpose, authority and responsibility of the IAA.

    Explanation for B:

    Policies and procedures would describe the overall organization and its relationship to employees, but would not contain any information on research matters.

    Hi Brian, 

    In the question above, I agreed ‘research’ is not part of the Job Description (JD) according to the book but neither is the Annual Plan.  I thought the JD would be the best answer because it spelled out education and training.  Can you advise what would this research be for and where in the book I can find it?

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  • #242225

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    Brian Hock
    HOCK international

    Debbie,

    he research that they are talking about here would be any specific knowledge or information that would be needed to perform an engagement. This is why it is part of the annual plan. For example, if there is an environmental related audit, there may be some specific background or research that the IAA does not already have that needs to be done in order to be able to perform the engagement. So, when the annual plan is set up, this need for additional preparation in the form of research is listed so that it is known that it is needed and needs to be staffed or planned for in some way.

    Does this help?

    Brian

    #242373

    This forum is restricted to members of the associated course(s).

    Debbie V.
    Participant

    Thanks Brian

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