According to IIA Guidance, Which of the Following Must Internal

question 24

Multiple Choice

According to IIA guidance, which of the following must internal auditors consider to conform with the requirements for due professional care during a consulting engagement? 1. The cost of the engagement, as it pertains to audit time and expenses in relation to the potential benefits. 2. The needs and expectation of clients, including the nature, timing, and communication of engagement results. 3. The application of technology-based audit and other data analysis techniques, where appropriate. 4. The relative complexity and extent of work needed to achieve the engagement's objectives.

• A) 1, 2, and 3
• B) 1, 2, and 4
• C) 1, 3, and 4
• D) 2, 3, and 4

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Definitions:

Everyday Problems

Issues or challenges encountered during daily life that require solutions or decision-making.

Measurable Conditions

Circumstances or variables that can be quantified or evaluated using objective criteria.

Variables

Any factor, trait, or condition that can exist in differing amounts or types and can affect the outcomes of scientific research.

Confounds

Variables that could potentially interfere with the outcome of an experiment, making it difficult to isolate the effects of the experimental variables.