CIA IIA-CIA-Part1 Passing Score

The most appropriate role for internal audit in an organization's risk management process is reporting to the board on management's assessment of current risks. This role involves providing assurance on the effectiveness of the organization's risk management processes, including the accuracy and effectiveness of management's risk assessment. Internal audit should not be directly involved in establishing risk management frameworks or developing controls, as these are management responsibilities.References: The Institute of Internal Auditors (IIA) - Standards and Guidance on Risk Management

In this scenario, the auditors have tested preventive controls. Preventive controls are designed to deter unwanted events before they occur. The mandatory training on taxation guidelines for finance department employees is a preventive measure, as it aims to prevent errors or violations in taxation processes by ensuring all employees are well informed and compliant from the start. The automation of training assignment further supports the preventive nature of this control.References:

IIA guidance on types of controls

The chief audit executive is required to disclose any potential conflicts of interest of the assessment team in the communication of quality assessment results to senior management and the board. This disclosure is crucial to maintain the credibility and integrity of the quality assessment process, ensuring that the results are viewed as objective and reliable.References: IIA Standard on Quality Assurance and Improvement Program

The IIA recognizes that internal auditors can provide valuable consulting services that support the organization’s risk management without compromising their independence. Facilitating risk assessment workshops (option B) is a consulting service that internal auditors can perform, which helps the organization identify and evaluate risks in a structured way. This activity does not involve making management decisions or assuming management responsibilities, preserving the internal audit's advisory role.References:

IIA Standard 1000: "Consulting Services"