Certified Internal Auditor Communication & Stakeholder Relations 5

Question 1

Which IIA Standard directly governs the quality and content of audit communications?

Accepted Answer

Standard 2400 – Communicating Results

Answer

IIA Standard 2400 specifically addresses requirements for communicating engagement results, including accuracy, clarity, conciseness, and timeliness.

Question 2

A CAE discovers that a prior audit report contained a material factual error. The APPROPRIATE action is to:

Accepted Answer

Issue a corrected communication to all original recipients promptly

Answer

IIA Standards require that material errors in audit communications be corrected and a revised report distributed to all who received the original.

Question 3

Which approach BEST supports effective communication with geographically dispersed audit stakeholders?

Accepted Answer

Using a combination of virtual meetings, written updates, and collaborative platforms

Answer

A multimodal communication approach ensures consistent, timely engagement with stakeholders regardless of geographic location.

Question 4

When an audit engagement identifies a potential fraud, the auditor's communication responsibility FIRST involves:

Accepted Answer

Notifying appropriate levels of management and the audit committee per established protocols

Answer

Potential fraud requires immediate notification to appropriate management levels and the audit committee in accordance with the organization's fraud response protocols.

Question 5

How does the principle of 'completeness' apply to audit communications?

Accepted Answer

All information necessary for the recipient to understand findings must be presented without omission

Answer

Completeness requires that audit communications include all facts, context, and supporting information needed for stakeholders to understand and act on findings.

Certified Internal Auditor Practice Test

Certified Internal Auditor Practice Test

Certified Internal Auditor Communication & Stakeholder Relations 5