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IIA-CIA-Part2 Exam - Question 318


According to IIA guidance, which of the following represents sufficient information?

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Correct Answer: AD

According to IIA guidance, sufficient information is defined as information that is factual, adequate, and convincing. This definition ensures that the information is reliable and can be trusted for making informed decisions. It refers to the standard that the information should be so clear and comprehensive that a prudent, informed person would reach the same conclusions as the auditor based on this information.

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lely55Option: A
Nov 12, 2023

Standard 2310 – Identifying Information Internal auditors must identify sufficient, reliable, relevant, and useful information to achieve the engagement’s objectives. Interpretation: Sufficient information is factual, adequate, and convincing so that a prudent, informed person would reach the same conclusions as the auditor. Reliable information is the best attainable information through the use of appropriate engagement techniques. Relevant information supports engagement observations and recommendations and is consistent with the objectives for the engagement. Useful information helps the organization meet its goals.