In an organization with a large internal audit activity that has several audit teams performing engagements simultaneously which of the following tasks is an engagement supervisor most likely to perform during the planning phase of a new engagement?
A.
Establish a means for resolving any professional judgment differences over ethical issues that may arise during the engagement.
B.
Approve the engagement work program to ensure the program is designed to achieve the engagement objectives
C.
Evaluate whether the testing and results support the engagement results and conclusion
During the planning phase of a new engagement, an engagement supervisor is responsible for ensuring that the engagement is designed effectively to meet its objectives. One of the critical tasks involves approving the engagement work program. The work program outlines the detailed steps and procedures that the audit team will follow during the engagement. By approving this program, the supervisor ensures that it is comprehensive, aligned with the engagement objectives, and capable of addressing identified risks and controls effectively. This step is essential to ensure that the engagement is conducted systematically and covers all necessary areas.
The Institute of Internal Auditors (IIA) Standard 2200: Engagement Planning
IIA Practice Advisory 2200-1: Engagement Planning Considerations
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