IIA IIA-CIA-Part2 Exam With Confidence Using Practice Dumps

Standard 2340 – Engagement Supervision requires supervisors to review work performed and provide feedback to ensure sufficiency and appropriateness. The first step when finding insufficient information is to discuss the issue with the auditor who prepared the workpapers, clarify what was done, and guide improvements. Training material adjustments may follow later, but the immediate supervisory responsibility is to resolve the issue directly with the assigned auditor.

Comprehensive and Detailed Explanation:

A risk matrix maps risks based on likelihood and impact. To identify risks at the process level, the auditor should consider possible scenarios (B) that may threaten the achievement of objectives. Examples include fraud scenarios, compliance failures, or operational breakdowns. Possible controls (C) are identified after risks, as mitigations. Possible tests (A) and samples (D) relate to audit procedures, not risk identification. According to Standard 2210.A1, objectives of an engagement must consider risks, and this starts with scenario analysis. Thus, the correct choice is Option B.

In addition to gathering information, a primary objective of a client interview during the planning stage of an audit engagement is to establish rapport with the client. Building rapport helps in fostering a cooperative relationship, ensuring that the client is open and forthcoming with information, which can significantly enhance the effectiveness of the audit.

IIA References:

IIA Standard 2201: Planning Considerations suggests that internal auditors should establish good communication and rapport with clients during the planning phase to facilitate the audit process.

The Practice Guide on Effective Interviewing Techniques emphasizes that establishing rapport during initial meetings is crucial for gaining the client’s trust and cooperation throughout the audit.