Which of the following engagement supervision activities should be performed first?

Question

Options

• AEnsure that internal audit recommendations are practical, cost-effective, and value-added
• BEnsure that internal audit conclusions am based on sufficient and reliable evidence
• CEnsure that risks to the timely completion of the engagement are assessed
• DEnsure that performance assessments are completed for audit team members

• A
  3% (2)
• B
  13% (8)
• C
  77% (49)
• D
  8% (5)

Explanation

Ensuring that risks to the timely completion of the engagement are assessed should be performed first during engagement supervision activities. This initial step is crucial as it sets the foundation for the entire audit process. By identifying and assessing risks early, the audit supervisor can develop appropriate plans and strategies to mitigate these risks, ensuring that the engagement stays on track and is completed within the allocated time frame. Addressing this aspect first helps in prioritizing tasks, allocating resources effectively, and managing any potential obstacles that might delay the audit process.

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