Certified Internal Auditor (CIA) Part 1: Business Acumen — Question 95

Which of the following scenarios best illustrates the concept of due professional care?

Answer options

• A. After establishing engagement objectives and reviewing a process, the internal auditor assured process owners that all significant risk events were identified and tested using a systematic, disciplined approach.
• B. After conducting an audit based upon a predefined scope and objective, the internal auditor guaranteed management that the system of internal controls in an audited area operates effectively.
• C. As head of the internal audit activity, the chief audit executive reported functionally to the organization’s board and administratively to senior management.
• D. As head of the internal audit activity, the chief audit executive ensures that engagement supervisors conduct post-engagement staff meetings.

Correct answer: A

Explanation

Option A is correct because it highlights the internal auditor's responsibility to thoroughly identify and assess significant risks, demonstrating due professional care in their systematic approach. Options B and C do not emphasize the diligence and systematic evaluation required for due professional care, while option D focuses on post-engagement activities rather than the initial risk assessment and engagement objectives.