IIA-CIA-PART2 · Question #386
The internal audit activity is planning an assurance engagement for a foreign subsidiary. According to IIA guidance, which of the following would be included in the preliminary communication to…
The correct answer is A. The scope of the engagement, the estimated time frame, and the names of the auditors. When planning an assurance engagement, especially for a foreign subsidiary, it is essential to communicate effectively with management to ensure transparency and set expectations. According to IIA guidance, the preliminary communication should include critical information that…
Question
The internal audit activity is planning an assurance engagement for a foreign subsidiary. According to IIA guidance, which of the following would be included in the preliminary communication to management of the area under review?
Options
- AThe scope of the engagement, the estimated time frame, and the names of the auditors.
- BThe estimated time frame, the names of the auditors, and the resources and travel budget.
- CThe names of the auditors, the resources and travel budget, and the scope of the engagement.
- DThe resources and travel budget, the scope of the engagement, and the estimated time frame.
How the community answered
(29 responses)- A93% (27)
- C3% (1)
- D3% (1)
Explanation
When planning an assurance engagement, especially for a foreign subsidiary, it is essential to communicate effectively with management to ensure transparency and set expectations. According to IIA guidance, the preliminary communication should include critical information that helps the management of the area under review understand the purpose, scope, and logistics of
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