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Which of the following describes (he primary reason why a preliminary risk assessment is conducted during engagement planning?
Correct Answer: D
The primary reason for conducting a preliminary risk assessment during engagement planning is to ensure that significant risks are included in the engagement scope. This assessment helps the internal auditor focus on areas of highest risk, ensuring that the audit provides the most value by addressing the most critical issues that could impact the organization's objectives. Reference: IIA Standards: 2201 - Planning Considerations IIA Practice Guide: Engagement Planning