During a Consulting Engagement, an Internal Auditor Identifies New Risks

question 137

Multiple Choice

During a consulting engagement, an internal auditor identifies new risks which will impact the scope and sufficiency of the engagement audit plan. According to the Standards, the internal auditor should:

• A) Discuss the potential impact on the scope with the client.
• B) Modify the scope to incorporate the new risks and continue the engagement.
• C) End the engagement, as the audit scope is no longer sufficient to meet the audit objective.
• D) Continue the engagement but highlight the impacts on the audit scope in the final report.

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Definitions:

Telegraphic Speech

A stage in language development where young children communicate with simple structures, often comprising only essential words.

Language

A system of communication that uses symbolism, such as sounds, signs, or written symbols, in a structured and conventional way to convey meaning.

Phonemes

The basic units of sound in a language that distinguish one word from another.

Morphemes

The smallest units of language that carry meaning.