Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 86

According to IIA guidance, which of the following best describes reliable information?

Answer options

• A. Reliable information is factual, adequate, and convincing so that a prudent, informed person would reach the same conclusions as the internal auditor.
• B. Reliable information is the best attainable information through the use of appropriate engagement techniques.
• C. Reliable information supports engagement observations and recommendations and is consistent with the objectives for the engagement.
• D. Reliable information helps the organization and the internal audit activity meet its goals.

Correct answer: B

Explanation

Option B is correct because it emphasizes that reliable information is derived from the best possible sources using effective engagement techniques. The other options describe characteristics or implications of reliable information but do not specifically highlight the process of obtaining it as effectively as option B does.