IIA ACCA CIA Challenge Exam IIA-ACCA Question # 15 Topic 2 Discussion

IIA ACCA CIA Challenge Exam IIA-ACCA Question # 15 Topic 2 Discussion

IIA-ACCA Exam Topic 2 Question 15 Discussion:
Question #: 15
Topic #: 2

Which of the following statements about internal audit's follow-up process is true?


A.

The nature, timing, and extent of follow-up for assurance engagements is standardized to ensure quality performance.


B.

The actions of external auditors and other external assurance providers is not encompassed by internal audit's follow-up process.


C.

Internal auditors have responsibility for determining if management and the board have implemented the recommended action or otherwise accepted the risk.


D.

The follow-up process must be complete and documented in the working papers in order to conclude the engagement.


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