Which of the following is true for consulting engagements'?
A.
The internal audit activity must ensure management actions have been effectively implemented or risk accepted
B.
A work program for the engagement is not required but may be developed
C.
The nature of consulting services does not have to be in the internal audit charter
D.
Risks identified from the engagement must be considered when evaluating the organization's risk management processes
The Answer Is:
B
This question includes an explanation.
Explanation:
In consulting engagements, according to the IIA's Standards, a work program is not required but may be developed. This allows internal auditors flexibility to design an approach that best fits the nature of the consulting engagement.
The IIA's International Standards for the Professional Practice of Internal Auditing (Standards), particularly the standards related to consulting activities.
IIA-CIA-Part1 PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 60% Discount on All Products,
Use Coupon: "8w52ceb345"