Which of the following information is most appropriate for the chief audit executive to share when coordinating audit plans with other internal and external assurance providers?

The correct answer is A. Objectives scope and timing at a high level to support coordination while adhering to confidentiality. Coordinating audit plans with other internal and external assurance providers is critical to ensure coverage and avoid duplication of efforts. According to IIA Practice Advisory 2050-1, sharing high- level information such as objectives, scope, and timing supports effective…

Managing the Internal Audit Activity

Question

Options

AObjectives scope and timing at a high level to support coordination while adhering to confidentiality
BThe area and timing of the audit engagement to ensure confidentially and avoid conflict of interest.
CAll plan information, including risk assessments, planned tests and past results to maximize the
DNo information should be shared with internal and external provider as it could introduce bias into

How the community answered

(36 responses)

A
78% (28)
B
14% (5)
C
3% (1)
D
6% (2)

Explanation

Coordinating audit plans with other internal and external assurance providers is critical to ensure coverage and avoid duplication of efforts. According to IIA Practice Advisory 2050-1, sharing high- level information such as objectives, scope, and timing supports effective coordination and minimizes the risk of conflicts of interest, while still maintaining confidentiality. Detailed sharing of risk assessments, planned tests, and past results might breach confidentiality and independence

Topics

#audit coordination#assurance providers#confidentiality#audit planning

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