Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 244

Which of the following information is most appropriate for the chief audit executive to share when coordinating audit plans with other internal and external assurance providers?

Answer options

• A. Objectives, scope, and timing at a high level to support coordination while adhering to confidentiality requirements.
• B. The area and timing of the audit engagement to ensure confidentiality and avoid conflict of interest.
• C. All plan information, including risk assessments, planned tests, and past results to maximize the opportunity for coordination and efficiency with internal and external providers.
• D. No information should be shared with internal and external providers, as it could introduce bias into the engagement results.

Correct answer: B

Explanation

Option B is correct because it emphasizes the need to share specific details about the audit area and timing while safeguarding confidentiality and managing conflicts of interest. Options A and C provide information that may be too broad or detailed for initial coordination, and option D is incorrect as some level of information sharing is necessary for effective audit collaboration.