Which of the following is an example of a properly supervised engagement?

The correct answer is D. The auditor in charge provides reasonable assurance that engagement objectives were met. A properly supervised engagement ensures that the audit is conducted effectively, efficiently, and in accordance with IIA standards. The auditor in charge has the responsibility to oversee the audit process and ensure that the engagement objectives are achieved.

Managing the Internal Audit Activity

Question

Options

AAuditors are asked to keep a daily record of their activity for review by the auditor in charge
BThe senior internal auditor requires each auditor to review and initial colleagues' workpapers for
CA new internal auditor is accompanied by an experienced auditor during a highly sensitive fraud
DThe auditor in charge provides reasonable assurance that engagement objectives were met.

How the community answered

(46 responses)

A
4% (2)
B
4% (2)
C
13% (6)
D
78% (36)

Explanation

A properly supervised engagement ensures that the audit is conducted effectively, efficiently, and in accordance with IIA standards. The auditor in charge has the responsibility to oversee the audit process and ensure that the engagement objectives are achieved.

Topics

#engagement supervision#supervisory responsibilities#audit objectives#quality assurance

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