CIA Part 1 - Q14

14. Quality program assessments may be performed internally or externally. A distinguishing feature of an external assessment is its objective to:

a. Provide independent assurance.

b. Set forth the recommendations for improvement.

c. Determine whether internal auditing services meet professional standards.

d. Identify tasks that can be performed better.

14. Solution: a

a. Correct. External assessments of an IAA should appraise and express an opinion as to the IAA’s compliance with the Standards for the International Professional Practice of Internal Auditing and, as appropriate, should include recommendations for improvement. External assessment should be conducted at least once every five years (PA 1312-1).

b. Incorrect. It will be the internal assessment that will provide recommendations for improvement.

c. Incorrect. It will be the internal assessment that will determine whether internal auditing services meet professional standards.

d. Incorrect. It will be the internal assessment that will identify tasks that can be performed better.