Which of the following statements about assurance maps is correct?

The correct answer is A. An assurance map is used by the chief audit executive to coordinate assurance activities with. An assurance map is a tool used by the chief audit executive (CAE) to provide a visual representation of the assurance activities performed by various assurance providers within the organization, including internal audit, compliance, risk management, and external auditors. It…

Managing the Internal Audit Activity

Question

Options

AAn assurance map is used by the chief audit executive to coordinate assurance activities with
BAn assurance map is a picture of all assurance engagements performed by the internal audit
CAn assurance map is used by the engagement supervisor to coordinate the roles of various
DAn assurance map lists the procedures and testing activities performed by an internal audit team

How the community answered

(19 responses)

A
89% (17)
C
5% (1)
D
5% (1)

Explanation

An assurance map is a tool used by the chief audit executive (CAE) to provide a visual representation of the assurance activities performed by various assurance providers within the organization, including internal audit, compliance, risk management, and external auditors. It helps in identifying areas of overlap, gaps in assurance coverage, and ensuring efficient and effective coordination among different assurance providers.

Topics

#assurance maps#combined assurance#CAE coordination#assurance providers

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