The chief audit executive is completing the audit plan. According to IIA guidance, which of the following is the best method of selecting the audits to be completed?
A.
A rotational audit plan with core audits being done every two to four years.
B.
A risk-based audit plan that also covers important operational areas.
C.
An audit plan based upon the previous audit results and findings.
D.
An audit plan based upon responses from management on key risk areas.
According to IIA guidance, the best method for selecting audits is to develop a risk-based audit plan. This approach involves assessing and prioritizing the organization's risks to ensure that the audit focus aligns with areas of higher risk.
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emtofid
11 months, 1 week ago