Which of the following components should be included in an audit finding? 1. The scope of the audit. 2. The standard(s) used by the auditor to make the evaluation. 3. The engagement's objectives. 4…

The correct answer is C. 2 and 4. An audit finding should include the standard(s) used by the auditor to make the evaluation (2) and the factual evidence found during the examination (4). These components provide the basis for the auditor's conclusions and ensure that the findings are well-supported and…

Communicating Engagement Results and Monitoring Progress

Question

Which of the following components should be included in an audit finding? 1. The scope of the audit. 2. The standard(s) used by the auditor to make the evaluation. 3. The engagement's objectives. 4. The factual evidence that the internal auditor found in the course of the examination.

Options

A1 and 2
B1 and 3 only
C2 and 4
D1, 3, and 4

How the community answered

(53 responses)

A
8% (4)
B
2% (1)
C
89% (47)
D
2% (1)

Explanation

An audit finding should include the standard(s) used by the auditor to make the evaluation (2) and the factual evidence found during the examination (4). These components provide the basis for the auditor's conclusions and ensure that the findings are well-supported and objective. The scope of the audit (1) and the engagement's objectives (3) are typically included in the overall audit report but are not components of individual audit findings.

Topics

#audit finding#criteria#evidence#engagement documentation

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