Interviewing operating personnel,identifying the objectives of the auditee,identifying standards used to evaluate performance,and assessing the risk inherent in the auditee's operations are activities typically performed in which phase of an internal audit?
A)The fieldwork phase.
B)The preliminary survey phase.
C)The audit programming phase.
D)The reporting phase.

Question

Quizplus · Accepted Answer

The activities mentioned in the question (interviewing operating personnel, identifying objectives of the auditee, identifying standards used to evaluate performance, and assessing risk inherent in the auditee's operations) are part of the preliminary survey phase of an internal audit. This phase is also referred to as the planning phase and involves gathering information and developing a plan for the audit. The fieldwork phase involves testing of controls and gathering of evidence, the audit programming phase involves developing audit procedures and assigning resources, and the reporting phase involves communicating audit findings and recommendations.

Interviewing Operating Personnel,identifying the Objectives of the Auditee,identifying Standards Used