Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 37

All of the following would normally be involved in preparing for and carrying out the internal audit activity's annual plan except:

Answer options

• A. Establishing policies and procedures for workpapers and referencing.
• B. Providing periodic activity reports to the audit committee on audit engagements in progress.
• C. Assessing the amount of risk in major departments.
• D. Training audit staff on appropriate audit methodologies for addressing any newly identified risks.

Correct answer: A

Explanation

Option A is correct because establishing policies and procedures for workpapers and referencing is more of an administrative task rather than a direct activity related to the annual audit plan. The other options involve ongoing activities that contribute directly to the internal audit process, such as reporting, risk assessment, and training staff on methodologies.