According to IIA guidance, which of the following factors should the auditor in charge consider when determining the resource requirements for an audit engagement?
According to IIA guidance, which of the following factors should the auditor in charge consider when determining the resource requirements for an audit engagement?
When determining the resource requirements for an audit engagement, it is essential to consider the number, experience, and availability of audit staff as well as the nature, complexity, and time constraints of the engagement. This ensures that the engagement is appropriately staffed with personnel who have the necessary skills and experience to complete the audit within the required timeframe and with due professional care. These factors are critical to the successful execution of an audit engagement.
Performance Standard 2230 - Engagement Resource Allocation Internal auditors must determine appropriate and sufficient resources to achieve engagement objectives based on an evaluation of the nature and complexity of each engagement, time constraints, and available resources. Interpretation of Standard 2230 Appropriate refers to the mix of knowledge, skills, and other competencies needed to perform the engagement. Sufficient refers to the quantity of resources needed to accomplish the engagement with due professional care.
WHAT IS THE DIFFERENCE BETWEEN C & D?!