An Internal Auditor Has Just Undertaken an Organization-Wide Risk Assessment

question 430

Multiple Choice

An internal auditor has just undertaken an organization-wide risk assessment. In identifying potential audit engagements, the internal auditor should consider least:

• A) Focusing on the high risk areas as sources of potential engagements.
• B) Focusing in areas not audited last year.
• C) Factoring in management requests.
• D) Focusing on those risks highlighted by the external auditor.

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Definitions:

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Asynchronous

Referring to actions or processes that do not occur at the same time or rate, especially in communication or computing.

Synchronous

Occurring or existing at the same time, often used to describe real-time communication or processes.

E-mail

A method of exchanging digital messages across the Internet or other computer networks, used for personal, professional, and academic communication.