According to IIA guidance, which of the following must internal auditors consider to conform with the requirements for due professional care during a consulting engagement? 1. The cost of the engagement, as it pertains to audit time and expenses in relation to the potential benefits. 2. The needs and expectation of clients, including the nature, timing, and communication of engagement results. 3. The application of technology-based audit and other data analysis techniques, where appropriate. 4. The relative complexity and extent of work needed to achieve the engagement's objectives.
A) 1, 2, and 3
B) 1, 2, and 4
C) 1, 3, and 4
D) 2, 3, and 4
Correct Answer:
Verified
Q440: The audit committee is concerned that the
Q441: Which of the following factors should be
Q442: Which of the following combinations of conditions
Q443: Which of the following statements describes impairment
Q444: According to IIA guidance, the results of
Q445: Which of the following is not an
Q447: An internal auditor is reviewing the accounts
Q448: A chief audit executive (CAE) is selecting
Q449: An internal auditor uses a predefined macro
Q450: Which of the following enhances the independence
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents