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How should an internal auditor approach preparing a detailed risk assessment during engagement planning?
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Question 393 - IIA-CIA-Part2 discussion

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According to IIA guidance, which of the following best describes the purpose of a planning memorandum for an audit engagement?

A.
It documents the audit steps and procedures to be performed.
Answers
A.
It documents the audit steps and procedures to be performed.
B.
It documents preliminary information useful to the audit team.
Answers
B.
It documents preliminary information useful to the audit team.
C.
It documents events that could hinder the achievement of process objectives.
Answers
C.
It documents events that could hinder the achievement of process objectives.
D.
It documents existing measures that manage risks in the area under review.
Answers
D.
It documents existing measures that manage risks in the area under review.
Suggested answer: B
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asked 18/09/2024
Jason Kelley
34 questions
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