Audit Reports Should State the Audit Objectives, Scope, and Methodology

question 221

Multiple Choice

Audit reports should state the audit objectives, scope, and methodology. If appropriate, the report should describe any performance aspects examined (e.g., outputs, outcomes) . The audit scope should describe as necessary all of the following EXCEPT:

• A) The kinds and sources of evidence used.
• B) Organizational structure
• C) The depth and coverage of work performed to accomplish the audit objectives, including a description of specific controls tested.
• D) Confidential information omitted from the report.

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Definitions:

Internal Clients

The individuals or departments within an organization that rely on the services or support of another within the same entity.

Positive Organizational Behavior

An area of study within organizational behavior that focuses on the application of positively oriented human resource strengths and psychological capacities to improve organizational outcomes.

Human Capital

The combined abilities, expertise, and non-physical assets of people that contribute to producing economic benefit for themselves, their workplaces, or the broader society.

Human Capital

The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization.