Exam IIA-CIA-Part1 All QuestionsBrowse all questions from this exam
Question 67

In an assurance engagement of treasury operations, an internal auditor is required to consider all of the following issues except:

    Correct Answer: D

    In an assurance engagement of treasury operations, the internal auditor focuses on areas directly related to the operations and the management of the treasury department. These include compliance with policies, risk management practices, and significant changes in operations such as increases in managed assets. The difficulties faced by external auditors in obtaining account confirmations, although potentially relevant in a different context, are not directly related to the primary issues the internal auditor needs to consider in this specific engagement.

Discussion
thabashOption: D

its responsibility of the external auditor to get the details and documents from finance department and they have to inform the board about this difficulties

021070eOption: D

D means the external audit got the confirmation at the end!

UmardOption: D

The question said except...so all other options are worth considering except D

NadiaDOption: D

why D?

Ahmad3224

because it's an assurance engagement not an audit engagement

John1237

Option D is not a procedure to be deployed (or issues to consider) during the engagement.