When Determining If Appropriate Resources Exist to Achieve Engagement Objectives

question 205

Multiple Choice

When determining if appropriate resources exist to achieve engagement objectives, which of the following factors should a chief audit executive consider? 1. Nature and complexity of the audit engagement. 2. Time constraints. 3. Effectiveness of the audit committee. 4. Availability of resources for the engagement.

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

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Definitions:

Key Team Members

Individuals who play crucial roles in a team, contributing significantly to its success or functionality.

Technology Familiarity

The degree to which an individual or organization is accustomed to and knowledgeable about the use of specific technologies.

DPCI Score

A method for evaluating the Diagnostic Predictive Capability Index, commonly used in healthcare to assess the accuracy of diagnostic tests.

All Team Members

Every individual who is part of a group working together towards a shared objective.