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IIA-CIA-PART2 · Question #371

When reviewing workpapers, engagement supervisors may ask for additional evidence or clarification via review notes. According to IIA guidance, which of the following statements is true regarding…

The correct answer is A. The review notes may be cleared from the final documentation once the engagement supervisor's. Review notes are a tool used by engagement supervisors to ensure that audit workpapers and related documents are accurate, complete, and in line with auditing standards. According to the IIA's International Standards for the Professional Practice of Internal Auditing, these…

Performing the Engagement

Question

When reviewing workpapers, engagement supervisors may ask for additional evidence or clarification via review notes. According to IIA guidance, which of the following statements is true regarding the engagement supervisor's review notes?

Options

  • AThe review notes may be cleared from the final documentation once the engagement supervisor's
  • BManagement of the area under review must address the engagement supervisor's review notes
  • CThe chief audit executive must initial or sign the engagement supervisor's review notes to provide
  • DReview notes provide documented proof that the engagement is supervised properly and must be

How the community answered

(40 responses)
  • A
    95% (38)
  • C
    3% (1)
  • D
    3% (1)

Explanation

Review notes are a tool used by engagement supervisors to ensure that audit workpapers and related documents are accurate, complete, and in line with auditing standards. According to the IIA's International Standards for the Professional Practice of Internal Auditing, these notes are part of the supervisory process, designed to improve the quality of the audit engagement.

Topics

#workpaper review#review notes#engagement supervision#documentation standards

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