Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 126

According to IIA guidance, which of the following statements regarding audit workpapers is true?

Answer options

• A. Audit reports should include the workpapers as a reference for the audit conclusions.
• B. The internal auditor's workpapers are the primary reference for reported control deficiencies.
• C. Ad-hoc communications with management of the area under review should be excluded from the workpapers.
• D. Both draft and final versions of workpapers should be saved at the end of the engagement.

Correct answer: B

Explanation

Option B is correct because internal auditors rely on their workpapers as the main source for documenting any control deficiencies identified during the audit. Option A is incorrect since audit reports typically do not include workpapers directly. Option C is false as relevant communications should be documented. Option D is inaccurate as it is not a standard requirement to save both versions of workpapers.