During the planning phase of an assurance engagement, an internal auditor seeks to gam an understanding of now when the area under review is accomplishing its objectives When of the Following…

The correct answer is A. A review of the key performance indicators of me area under review. During the planning phase of an assurance engagement, gaining an understanding of how the area under review is accomplishing its objectives is crucial. Reviewing key performance indicators (KPIs) is a primary technique because KPIs are directly tied to the objectives and…

Planning the Engagement

Question

During the planning phase of an assurance engagement, an internal auditor seeks to gam an understanding of now when the area under review is accomplishing its objectives When of the Following information-gathering techniques is the auditor most likely to use?

Options

AA review of the key performance indicators of me area under review.
BA walkthrough of the key processes of the area under review.
CAn interview with the manager regarding the area's business plan.
DA review of previous audit and follow- up results of the area under review

How the community answered

(25 responses)

A
92% (23)
B
4% (1)
C
4% (1)

Explanation

During the planning phase of an assurance engagement, gaining an understanding of how the area under review is accomplishing its objectives is crucial. Reviewing key performance indicators (KPIs) is a primary technique because KPIs are directly tied to the objectives and provide measurable data on performance. This review helps the auditor understand whether the objectives are being met effectively and highlights areas that may require further investigation.

Topics

#KPI review#information gathering#engagement planning#process understanding

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