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Exam (elaborations)

CISA ISACA (Cht. 1) Questions & 100% Correct Answers

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  • Course
  • CISA
  • Institution
  • CISA

Audit Charter :~~ An overarching document that covers the entire scope of the audit activities in an entity. (Purpose, responsibility, authority, and accountability). An engagement letter is more focused on a particular audit exercise that is sought to be initiated in an organization with a...

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  • September 9, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CISA
  • CISA
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




CISA ISACA (Cht. 1) Questions & 100%
Correct Answers
Audit Charter

✓ :~~ An overarching document that covers the entire scope of the audit

activities in an entity. (Purpose, responsibility, authority, and

accountability). An engagement letter is more focused on a particular audit

exercise that is sought to be initiated in an organization with a specific

objective in mind.




When does audit planning occur? What factors should be taken into account in the

analysis?

✓ :~~ Short and long term analysis should occur annually to take into account

new control issues; changes in risk environment, technologies and business

processes; and enhance evaluation techniques.




Who reviews and who approved audit activities?

✓ :~~ The audit activities should be reviewed by senior audit management

and approved by the audit committee or BOD.




Audit assignment considerations for the approach


✓ :~~ -periodic risk assessment

-changes in application of tech




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+


-evolving regulatory requirements

-implementation/upgrade deadlines

-current and future technologies

-requirements from the business

-resource limitations




Steps to perform Audit Planning

✓ :~~ -gain understanding of biz mission, objectives, purpose and processes

(I.e. availability, integrity, security and business technology and information

confidentiality)

-understand changes in biz environment

-review work papers

-identity stated contents (policies, standards, procedures, org structure)

-perform risk analysis to design audit plan

-set audit scope and objectives

-develop audit approach or strategy

-assign resources

-address logistics




Steps performed to determine org's level of compliance with external requirements




Master01 | September, 2024/2025 | Latest update

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