IIA-CIA-Part1 Exam Dumps | According to IIA guidance, which of the following statements is true regarding consulting engagements

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Question 4/349

According to IIA guidance, which of the following statements is true regarding consulting engagements performed by the internal audit activity?

A. Consulting engagements typically involve four or five parties: the internal audit activity, engagement client, senior management, board, and sometimes the external auditor.

B. The scope of a consulting engagement is determined by either the engagement supervisor or chief audit executive, and it is finalized prior to beginning fieldwork.

C. According to the Standards, internal auditors are permitted to carry out certain management functions during a consulting engagement.

D. A preliminary risk assessment may not be needed for consulting engagements, because the expectations and objectives of the engagement are determined by the engagement client.

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Question 27: The chief audit executive (CAE) of a large organization has ...; Question 28: Which of the following best describes the Standards requirem...; Question 29: Due to extreme liquid fuel price fluctuations, management de...; Question 30: According to IIA guidance, which of the following should be ...; Question 31: Which of the following statements is true regarding organiza...; Question 32: An internal auditor is updating the risk register for risks ...; Question 33: Which of the following is true regarding the stakeholder the...; Question 34: According to HA guidance, which of the following is true reg...; Question 35: Which of the following represents an example of an ethical i...; Question 36: Senior management has decided to adopt the key principles ap...; Question 37: A chief audit executive (CAE) has been asked by the board to...; Question 38: Management has implemented a segregation-of-duties policy fo...; Question 39: Prior to commencing a financial compliance engagement, the e...; 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Question 4/349

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