Which of the following statements is true regarding engagement planning?
A.
The engagement objectives are the boundaries for the engagement, which outline what will be included in the review
B.
The risk-based objectives of the engagement can be determined once the scope of the engagement has been formed
C.
For a consulting engagement, planning typically occurs after the engagement objectives and scope have already been determined
D.
For an assurance engagement, once the scope is established and testing has begun, the scope cannot be modified.
The Answer Is:
C
This question includes an explanation.
Explanation:
For a consulting engagement, planning typically occurs after the engagement objectives and scope have already been determined. In consulting engagements, the objectives and scope are usually agreed upon with the client at the outset, and planning activities then focus on how to achieve these objectives within the defined scope.
IIA Standards: 2010 - Planning
IIA Practice Guide: Consulting Services
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