IIA Practice of Internal Auditing IIA-CIA-Part2 Question # 6 Topic 1 Discussion
IIA-CIA-Part2 Exam Topic 1 Question 6 Discussion:
Question #: 6
Topic #: 1
An internal auditor is starting the fieldwork of an assurance engagement. The auditor will conduct a walkthrough of selected controls with control owners. What should be the primary objective of this walkthrough?
A.
Collect the policies and procedures relevant to the audited area
B.
Understand the financial results published for the period under review
C.
Assess the design of the internal controls in place
A walkthrough is an audit procedure in which the auditor follows a transaction through the entire process, discussing with control owners and observing how policies and procedures are applied. The primary purpose of this exercise is to assess the design of internal controls (C). It helps the auditor verify whether controls exist, are properly designed, and are implemented as described. Collecting policies (A) supports documentation, but policies alone do not confirm control design. Financial results (B) relate to performance reporting, not walkthroughs. Engagement objectives (D) are defined during planning, not during walkthrough. Therefore, the walkthrough’s goal is to evaluate whether controls are appropriately designed to mitigate risks, aligning with IIA Standard 2310 (sufficiency and relevance of information).
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