When Planning an Audit Engagement, What Should an Internal Auditor

question 59

Multiple Choice

When planning an audit engagement, what should an internal auditor first consider when assessing the risk of fraud in the area to be audited?

• A) Impact of and exposure to fraud.
• B) Existence of evidence of fraud.
• C) Organizational structure.
• D) Management's risk appetite.

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Definitions:

Government Data

Information collected, maintained, or used by or for the government, which can be about the economy, population, geography, or other aspects of society.

Problem Framing

The process of defining and structuring a problem in a way that influences how it is understood and solved.

Positive Terms

Words or phrases that convey affirmative or favorable meanings, often used to encourage or uplift.

Negative Terms

Phrases or words that convey unfavorable, pessimistic, or detrimental meanings, often used to describe adverse situations.