Exam IIA-CIA-Part2 All QuestionsBrowse all questions from this exam
Question 182

During the planning phase of an audit of the treasury function, an internal auditor conducted a risk assessment of the function in order to:

    Correct Answer: D

    The primary purpose of conducting a risk assessment during the planning phase of an audit is to identify areas that may have significant risks or control weaknesses. This helps in determining which areas should be considered for potential engagement objectives, so that the audit can be focused and effective in addressing important issues. Therefore, identifying areas of the treasury function that should be considered for potential engagement objectives is the correct answer.

Discussion
Amer105

During the planning phase ------> linked to objective