Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 203

Which data analytics competency is critical for new internal auditors to possess in order to plan and perform internal audit engagements in conformance with the Standards?

Answer options

• A. Describe data analytics and the application of data analytics methods in internal auditing.
• B. Apply data analytics methods in internal auditing.
• C. Evaluate the use of data analytics in an internal audit.
• D. Understand the definition of data analytics only.

Correct answer: B

Explanation

The correct answer is B because applying data analytics methods is crucial for internal auditors to enhance the effectiveness and efficiency of their audit engagements. Options A and C focus on descriptions and evaluations rather than direct application, while option D limits the auditor's knowledge to just the definition, which is insufficient for practical auditing purposes.