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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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Question 367 - IIA-CIA-Part2 discussion

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According to the Standards, which of the following is true regarding the auditor's inclusion of management's satisfactory performance in the final audit report?

A.
Acknowledgement of satisfactory performance is encouraged but not required.
Answers
A.
Acknowledgement of satisfactory performance is encouraged but not required.
B.
There are no standards to address the inclusion of satisfactory performance.
Answers
B.
There are no standards to address the inclusion of satisfactory performance.
C.
Satisfactory performance should only be acknowledged with the advice of corporate counsel.
Answers
C.
Satisfactory performance should only be acknowledged with the advice of corporate counsel.
D.
Auditors must include satisfactory performance with the approval of the board.
Answers
D.
Auditors must include satisfactory performance with the approval of the board.
Suggested answer: A
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asked 18/09/2024
Guillermo Fontaine
47 questions
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