Regarding assurance and consulting services provided by the internal audit activity which of the following statements is correct?

Question

R. M. · Accepted Answer

Both assurance services and consulting services can be focused on controls or performance or both

R. M. · Answer

The nature and scope of a consulting engagement are determined by the internal audit activity based on its risk assessment

R. M. · Answer

The nature and scope of an assurance engagement are subject to agreement with management of the area under review

R. M. · Answer

The assurance engagement process ends with reporting

List of questions