According to HA guidance, which of the following is the Key planning step internal auditors should perform to establish appropriate engagement objectives prior to starting an audit engagement?

Question

Options

• AReview the organizational structure, management roles and responsibilities and operating
• BEvaluate management's risk assessment and the internal audit activity's risk assessment
• CAssess process How and control documents used to meet regulatory requirements
• DReview meeting notes from discussions involving management of the area to be reviewed.

• A
  7% (2)
• B
  89% (25)
• C
  4% (1)

Explanation

A key planning step for internal auditors to establish appropriate engagement objectives is to evaluate management's risk assessment and the internal audit activity's risk assessment. This step ensures that the audit focuses on areas of highest risk and aligns with the organization's risk management framework. By understanding and incorporating the organization's risk priorities, the internal auditors can design their engagements to provide maximum value and assurance regarding the control environment and risk management processes.

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