Which of the following audit activities is within the scope of assurance activities as stated in the International Professional Practices Framework?
A) Review a make-or-buy decision and report a recommendation to management for approval.
B) Participate in negotiations for a corporate acquisition.
C) Assess financing alternatives for a new generator.
D) Perform an evaluation of management's planning process.

Question

Quizplus · Accepted Answer

Performing an evaluation of management's planning process is within the scope of assurance activities as it involves assessing the effectiveness and efficiency of management processes, which aligns with the objectives of internal auditing as per the International Professional Practices Framework.

Which of the Following Audit Activities Is Within the Scope