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:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Social Learning Theory

A theory that proposes people learn new behaviors through observation and imitation of others, reinforced by external rewards or punishments.

Intermittent Reinforcement

A conditioning schedule where reinforcements are given on a partial or unpredictable basis, significantly affecting learning and behavior persistence.

Continuous Reinforcement

Continuous reinforcement is a learning strategy where a desired behavior is rewarded every time it occurs, leading to quicker learning of the behavior.