Q: 2
According to IIA guidance, which of the following statements is true regarding periodic internal
assessments of the internal audit activity?
Options
Discussion
Internal only allows for peer review, so it’s C.
C/D? Not totally confident here. C lines up with the peer review rule but D kinda makes sense if they're focusing on improvement follow-ups. I think it's C but not 100%. Open to counterpoints.
A is wrong, C. Peer review by someone not involved matches IIA guidance for internal assessments.
B is wrong, C. Peer review by an uninvolved auditor matches IIA’s internal assessment approach. B’s five-year rule only applies to externals. Pretty sure, but if anyone thinks A or D fits better, let me know.
Call it C. Had something like this in a mock and it said peer reviews are allowed for internal assessments as long as the audit wasn't theirs. The five-year bit from B is only for external, not internal. Anyone see it differently?
Honestly, IIA loves to trip people up with the internal vs external assessment wording. C is it here, since internal peer reviews are fine if there's no involvement in the original audit, and that's straight from IIA's quality assurance manual. The five-year rule is just for externals (that's B). Let me know if you spot anything off but I'm pretty sure about C.
I’d say C here. Internal assessments allow for peer reviews so long as the reviewer didn’t participate in the actual audit, which matches IIA guidance. B is mixing up requirements from external quality assessments (that's the 5-year rule). Not totally sure but this fits what I studied. Correct me if you see it differently.
Its C. Internal auditors can do peer reviews if they weren't part of the original audit, fits IIA standards. The others either mix up timing (B is about external) or aren't entirely accurate about best practice requirements. Pretty sure on this.
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