Your diagnostic
What the questions look like
Every question in the free CIA Part 3 bank carries a full worked solution. Here is one from the pool:
Question 1
Medium
Which condition most warrants the chief audit executive's review and possible revision of the internal audit strategy?
Solution
A is correct. Standard 9.2 (Internal Audit Strategy) requires the chief audit executive to develop and periodically review a strategy that supports the organization's strategic objectives and stakeholder expectations. A shift in the organization's own strategy changes the risk profile the function must cover, the competencies and technology it needs, and the assurance stakeholders will expect, so it is the trigger that drives the strategy, the resource plan, and the multi-year coverage model to be reconsidered. Operational disruptions are absorbed through normal plan and resource management without revisiting the strategy itself.
