IIA-CIA-PART2 · Question #133
Which of the following describes (he primary reason why a preliminary risk assessment is conducted during engagement planning?
The correct answer is D. To ensure that significant risks are included in the engagement scope. The primary reason for conducting a preliminary risk assessment during engagement planning is to ensure that significant risks are included in the engagement scope. This assessment helps the internal auditor focus on areas of highest risk, ensuring that the audit provides the…
Question
Which of the following describes (he primary reason why a preliminary risk assessment is conducted during engagement planning?
Options
- ATo identify the greatest risks organizationwide
- BTo ensure that the engagement work program covers all risk areas
- CTo ensure that risks identified during previous audits of the area have been adequately addressed
- DTo ensure that significant risks are included in the engagement scope
How the community answered
(39 responses)- B5% (2)
- C3% (1)
- D92% (36)
Explanation
The primary reason for conducting a preliminary risk assessment during engagement planning is to ensure that significant risks are included in the engagement scope. This assessment helps the internal auditor focus on areas of highest risk, ensuring that the audit provides the most value by addressing the most critical issues that could impact the organization's objectives.
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