nerdexam
IIA

IIA-CIA-PART2 · Question #405

According to the International Professional Practices Framework, which of the following is an appropriate reason for issuing an interim report? 1. To keep management informed of audit progress when…

The correct answer is B. 1 and 3 only. According to the International Professional Practices Framework (IPPF), issuing an interim report is appropriate for keeping management informed of audit progress, especially when audit engagements extend over a long period of time, and for communicating any significant changes…

Communicating Engagement Results and Monitoring Progress

Question

According to the International Professional Practices Framework, which of the following is an appropriate reason for issuing an interim report? 1. To keep management informed of audit progress when audit engagements extend over a long period of time. 2. To provide an alternative to a final report for limited-scope audit engagements. 3. To communicate a change in engagement scope for the activity under review.

Options

  • A1 and 2 only.
  • B1 and 3 only.
  • C2 and 3 only.
  • D1, 2, and 3.

How the community answered

(59 responses)
  • A
    2% (1)
  • B
    86% (51)
  • C
    7% (4)
  • D
    5% (3)

Explanation

According to the International Professional Practices Framework (IPPF), issuing an interim report is appropriate for keeping management informed of audit progress, especially when audit engagements extend over a long period of time, and for communicating any significant changes in the scope of the engagement. Interim reports serve as a means of maintaining transparency with management and ensuring that any adjustments to the audit plan are communicated

Topics

#interim reports#engagement communication#scope changes#IPPF reporting

Community Discussion

No community discussion yet for this question.

Sign up to join the discussion
Full IIA-CIA-PART2 Practice