Multiple Choice
When an internal auditor applies due professional care to perform an assurance engagement, which of the following must she consider? 1. Findings of the last audit engagement performed. 2. Probability of significant errors, irregularities, or noncompliance. 3. Extent of work needed to achieve engagement objectives. 4. Cost of the engagement versus the potential benefits.
A) 1 and 4 only
B) 2 and 3 only
C) 2, 3, and 4 only
D) 1, 2, 3, and 4
Correct Answer:
Verified
Correct Answer:
Verified
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