A chief audit executive (CAE) reviews the supervision of an internal audit engagement Which of the following would most likely assure the CAE that the engagement had adequate supervision?

Question

Options

• AThe engagement supervisor has an open door pokey for audit team members to discuss concerns
• BThe supervisor reviews weekly progress reports from the audit team members
• CThe supervisor reviews and initials internal audit workpapers for the engagement
• DThe supervisor meets periodically with management in the reviewed area to get feedback during

• A
  3% (1)
• B
  3% (1)
• C
  93% (27)

Explanation

Reviewing and initialing internal audit workpapers ensures that the engagement has adequate supervision. This practice demonstrates that the supervisor has reviewed the work performed by the audit team, verified the accuracy and completeness of the documentation, and provided necessary guidance. It is a critical step in the quality assurance process, ensuring that the audit findings and conclusions are supported by sufficient and appropriate evidence.

No community discussion yet for this question.