Certified Internal Auditor Communication & Stakeholder Relations 3

Question 1

During an exit conference, management disputes a finding and provides additional evidence. The auditor should:

Accepted Answer

Evaluate the new evidence and modify the finding if warranted

Answer

Auditors have a professional obligation to consider new evidence even at the exit conference stage and update conclusions if the evidence changes the facts.

Question 2

An internal auditor is presenting to a board audience unfamiliar with audit terminology. Which communication strategy is MOST effective?

Accepted Answer

Translate findings into business impact language the board understands

Answer

Tailoring communication to the audience's level of understanding—focusing on business impact rather than technical jargon—ensures the board can act on audit information.

Question 3

Which element of a formal audit observation is MOST important for helping management prioritize remediation?

Accepted Answer

The risk or impact associated with the condition

Answer

Clearly articulating the risk or impact of a finding helps management understand its significance and prioritize corrective actions appropriately.

Question 4

A process owner submits a management response stating 'noted' without specifying corrective actions. The CAE should:

Accepted Answer

Request a specific action plan with owner and target completion date

Answer

Management responses should include specific corrective actions, responsible parties, and target dates; vague responses fail to demonstrate commitment to remediation.

Question 5

Which scenario BEST illustrates a breakdown in communication between internal audit and its stakeholders?

Accepted Answer

Management learns of a significant control gap through the external auditor before the internal audit report

Answer

Management learning of significant findings from external auditors first indicates a failure in timely and proactive internal audit communication.

Certified Internal Auditor Practice Test

Certified Internal Auditor Practice Test

Certified Internal Auditor Communication & Stakeholder Relations 3