IIA IIA-CIA-Part2 Exam With Confidence Using Practice Dumps

 Understanding Staffing Models: Internal audit activity staffing models vary in structure and approach, each with its advantages and disadvantages. The rotational model involves assigning employees from various departments to the internal audit activity for a fixed period before they rotate back to their original or new roles within the organization.

 Rotational Model Disadvantages:

Continuous Training: A key disadvantage of the rotational model is that auditors are often new and in training. This model means that there is a constant influx of new staff who may lack extensive audit experience, requiring continuous training and development efforts.

Consistency and Expertise: This can impact the consistency and depth of audit expertise within the internal audit activity, as the auditors are frequently changing.

 Comparison with Other Models:

Career Model: Auditors build long-term careers within the internal audit activity, leading to high levels of expertise and consistency.

Center of Competence Model: This model involves a centralized team of audit professionals who provide specialized audit services across the organization, ensuring high levels of competence.

Hybrid Model: Combines elements of multiple models to balance the benefits and mitigate the drawbacks of each approach.

 References:

The rotational model's major drawback of auditors always being new and in training highlights the challenges in maintaining a stable and highly skilled audit team. Continuous training efforts are required to ensure the effectiveness of this staffing model​​​​.

The primary weakness of internal control questionnaires (ICQs) is that the respondents, who are often managers or personnel responsible for specific areas, may have incentives to indicate that internal controls are in place, even when they might not be effective or fully operational. This can occur due to a desire to present their department in a positive light, avoid scrutiny, or because of misunderstandings about what constitutes a control. This bias in responses can lead to inaccurate assessments of the internal control environment.

IIA References:

IIA Standard 2310: Identifying Information and its accompanying guidance highlight the importance of obtaining accurate, reliable, and unbiased information when assessing controls. The potential for biased responses in ICQs is a known risk that can undermine the quality of the audit evidence gathered.

The Practice Guide on Evaluating Internal Controls notes that while ICQs are useful for gathering information, auditors should be aware of the limitations and potential biases inherent in this method.