Which of the blowing is an example of a compliance assurance engagement?

The correct answer is B. Proving an assessment of the design adequacy of controls related to consumer privacy and. A compliance assurance engagement focuses on evaluating whether an organization is adhering to applicable laws, regulations, policies, and procedures. Assessing the design adequacy of controls related to consumer privacy and confidentiality is a prime example of such an…

Managing the Internal Audit Activity

Question

Options

AProving in-house training to senior management regarding applicable laws and regulations
BProving an assessment of the design adequacy of controls related to consumer privacy and
CProviding an assessment of customer satisfaction with customer service provided by the
DProviding testing on the operating effectiveness of controls ever the reliability of financial reporting

How the community answered

(34 responses)

B
91% (31)
C
3% (1)
D
6% (2)

Explanation

A compliance assurance engagement focuses on evaluating whether an organization is adhering to applicable laws, regulations, policies, and procedures. Assessing the design adequacy of controls related to consumer privacy and confidentiality is a prime example of such an engagement, as it ensures that the organization's controls are designed to comply with relevant privacy laws and regulations, thereby protecting consumer data and maintaining compliance.

Topics

#compliance audit#assurance engagement#privacy controls#control design adequacy

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