Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 6

According to IIA guidance, which of the following is the most likely obstacle to undertaking a quality assurance and improvement program by the internal audit activity?

Answer options

• A. The size of internal audit department under review.
• B. The time commitment to complete.
• C. The lack of independence and objectivity.
• D. The inability to adequately fund the program.

Correct answer: D

Explanation

The correct answer is D, as inadequate funding can severely limit the resources available for a quality assurance and improvement program, making it difficult to implement effectively. While the size of the department, time commitment, and independence are important considerations, they are generally manageable compared to the challenge posed by insufficient financial resources.