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Answered: - An internal auditor engagement was included in the approved


An internal auditor engagement was included in the approved internal audit plan. This is considered a moderately high-risk audit based on the internal audit function's risk model. It is currently on a two year audit cycle. which of the following will likely have the greatest impact on the scope and approach of the internal audit engagement?

a) the areas being audited involves the processing of a high volume of transactions.?

b) certain components ?of the process are outsourced.?

c) A new system was implemented during this year, which changed how the transactions are processed.?

d) The total dollars processed in this area are material.?

(please explain why the answer is correct and why the others are incorrect)

Thanks!

 


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DATE ANSWERED

Oct 07, 2020

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