According to the Standards, Which of the Following Must an Internal

Multiple Choice

According to the Standards, which of the following must an internal auditor take into consideration when performing an assurance engagement of treasury operations?

A) The audit committee has requested assurance of the treasury department's compliance with a new policy on the use of financial instruments. II. Treasury management has not instituted any risk management policies. III. Due to the recent sale of a division, the amount of cash and marketable securities managed by the treasury department has increased by 350 percent. IV. The external auditors have indicated some difficulties in obtaining account confirmations.
B) I and II only
C) I and IV only
D) I, II, and III only
E) II, III, and IV only