Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 102

According to IIA guidance, which of the following would be considered necessary for a one-person audit function?

Answer options

• A. A formalized technical audit manual.
• B. A written administrative audit manual.
• C. A memorandum stating policies and procedures.
• D. A comprehensive policy and procedure manual.

Correct answer: C

Explanation

The correct answer, C, emphasizes the importance of having a memorandum to outline policies and procedures, which is crucial for clarity in a one-person audit team. Options A and B focus on formalized manuals that, while useful, may not be strictly necessary for an individual auditor. Option D suggests a comprehensive manual, which may be more than what is needed for a single auditor to function effectively.