Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 104

Which of the following statements is true regarding an internal audit team's decision to deploy an internal control questionnaire for the engagement?

Answer options

• A. The information that can be obtained using this approach is limited.
• B. There are complexities with quantifying the information obtained using this approach.
• C. With this approach, respondents are likely to freely acknowledge inadequacies in the existing internal controls.
• D. This approach yields reliable results, therefore there would be no need to corroborate information obtained using this approach.

Correct answer: A

Explanation

The correct answer is A because while internal control questionnaires can gather useful information, they often do not capture the full scope of issues due to their structured nature. Options B, C, and D are incorrect as they either misrepresent the effectiveness of the questionnaire or suggest overconfidence in its reliability, which is not justified.