Which of the following statements about assurance maps is correct?
A.
An assurance map is used by the chief audit executive to coordinate assurance activities with other internal and external assurance providers
B.
An assurance map is a picture of all assurance engagements performed by the internal audit activity across the organization
C.
An assurance map is used by the engagement supervisor to coordinate the roles of various internal audit team members assigned to assurance engagements
D.
An assurance map lists the procedures and testing activities performed by an internal audit team during an assurance engagement
The Answer Is:
A
This question includes an explanation.
Explanation:
An assurance map is a tool used by the chief audit executive (CAE) to provide a visual representation of the assurance activities performed by various assurance providers within the organization, including internal audit, compliance, risk management, and external auditors. It helps in identifying areas of overlap, gaps in assurance coverage, and ensuring efficient and effective coordination among different assurance providers. References:
The IIA’s Practice Guide on Coordinating Risk Management and Assurance.
IIA-CIA-Part2 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 65% Discount on All Products,
Use Coupon: "ac4s65"