An engagement team is being assembled to audit of one of the organization's vendors Which...

IIA IIA-CIA-Part2 Question Answer

An engagement team is being assembled to audit of one of the organization's vendors Which of the following statements best applies to this scenario?

The engagement team should include internal auditors who have expertise in investigating vendor fraud

The engagement team should be composed of certified accountants who are proficient In financial statement analysis and local accounting principles

To preserve independence and objectivity, an auditor who worked for the vendor two years prior may not participate on the engagement team

The engagement team may include an auditor who lacks knowledge of the industry in which the vendor operates

IIA-CIA-Part2 PDF/Engine

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