Which of the following statements is the most appropriate for a chief audit executive to include in the internal audit policy manual in order to promote objectivity?
A.
Internal auditors may conduct a financial effectiveness engagement in a business unit at any point after being transferred from that area.
B.
Internal auditors may conclude that a business unit’s current control environment is adequate and effective if the review of the prior year’s workpapers and audit report supports that conclusion.
C.
Internal auditors may conduct an engagement in a business unit at any point after providing a training workshop in that area.
D.
Internal auditors should limit the scope of an engagement if they become aware of a potential impairment of their objectivity in order to reduce the potential impact of the impairment on the engagement results.
According to IIA Standards, internal auditors can engage in consulting activities, such as:
- Facilitating training or workshops.
-Providing advice or awareness sessions on risk, controls, or governance.
Provided that:
-The auditor does not assume management responsibility.
-Adequate safeguards are in place to maintain objectivity.
Delivering a training workshop is an allowable activity that typically does not impair objectivity, so conducting a subsequent engagement in that area is acceptable.
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Kozy
4 weeks ago