Discover the best example of an audit engagement supervision activity from the IIA-CIA-Part2 certification exam. Understand the role of audit managers in effective supervision.
Table of Contents
Question
Which of the following is the best example of an audit engagement supervision activity?
A. An audit manager attending exit meetings.
B. An audit manager executing engagement procedures.
C. An audit manager documenting workpapers.
D. An audit manager identifying audit findings.
Answer
A. An audit manager attending exit meetings.
Explanation
Supervision in an audit engagement involves overseeing and guiding the audit team throughout the process to ensure quality and adherence to standards. Here’s a breakdown of each option:
A. An audit manager attending exit meetings.
This option represents an active role in supervision, as attending exit meetings allows the audit manager to provide immediate feedback, clarify findings, and ensure that the audit conclusions align with the overall objectives. It is a crucial component of the supervision process, as it involves direct interaction with the audit team and stakeholders.
B. An audit manager executing engagement procedures.
While this shows involvement in the audit process, it leans more towards the execution rather than supervision. Supervision typically involves oversight rather than performing the tasks directly.
C. An audit manager documenting workpapers.
Documenting workpapers is important for record-keeping and compliance but does not constitute an active supervisory activity. It is more of a procedural task that supports the audit engagement.
D. An audit manager identifying audit findings.
Identifying findings is part of the audit process, but it’s more aligned with the analysis phase than supervision. Supervision focuses on guiding the team rather than conducting analyses independently.
In summary, attending exit meetings (Option A) exemplifies supervision effectively as it encompasses oversight, communication, and final review of the audit process, ensuring that the audit manager can support the team and validate outcomes.
IIA-CIA-Part2 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the IIA-CIA-Part2 exam and earn IIA-CIA-Part2 certification.