According to the Standards, which of the following is true regarding the auditor's inclusion of management's satisfactory performance in the final audit report?

Question

Options

• AAcknowledgement of satisfactory performance is encouraged but not required.
• BThere are no standards to address the inclusion of satisfactory performance.
• CSatisfactory performance should only be acknowledged with the advice of corporate counsel.
• DAuditors must include satisfactory performance with the approval of the board.

• A
  94% (34)
• B
  3% (1)
• D
  3% (1)

Explanation

The International Standards for the Professional Practice of Internal Auditing encourage auditors to acknowledge satisfactory performance to provide a balanced report. However, it is not a mandatory requirement. Including positive observations can help foster a constructive relationship with management and provide a more balanced view of the audited area.

No community discussion yet for this question.