Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 59

According to IIA guidance, which of the following is true regarding the exit conference for an internal audit engagement?

Answer options

• A. A primary purpose of the exit conference is to provide for the timely communication of observations that call for immediate management action.
• B. Both the chief audit executive and the chief executive over the activity or function reviewed must attend the exit conference to validate the findings.
• C. The exit conference provides only anticipated results for inclusion in the final audit communication.
• D. During the exit conference, the performance of the internal auditors who executed the engagement is reviewed.

Correct answer: C

Explanation

The correct answer is C because the exit conference is intended to communicate anticipated results rather than detailed findings that require immediate action or evaluations of auditor performance. Options A and B introduce elements not typically associated with the exit conference, while D incorrectly suggests a focus on auditor performance rather than audit outcomes.