Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 151

According to the Standards, which of the following demonstrates the proficiency of an internal auditor?

Answer options

• A. Each internal auditor must hold one or more certifications in the area of fraud and seek out continuing professional development related to fraud detection and fraud investigation.
• B. Each internal auditor must have sufficient knowledge of IT risks and controls, and be able to evaluate the risk of fraud and the manner in which it is managed by the organization.
• C. Each internal auditor on the engagement team must possess the same level of knowledge, skills, and other competencies as other auditors on the engagement team.
• D. Each internal auditor must be paired, by the chief audit executive, with an individual who possesses the knowledge, skills, or other competencies required to complete the audit.

Correct answer: C

Explanation

The correct answer, C, indicates that all members of the engagement team must have equivalent qualifications, ensuring a consistent level of expertise. Options A and B focus on individual qualifications and knowledge, which do not address the team dynamics. Option D discusses pairing with another auditor but does not emphasize the equal competency requirement within the team.