A chief audit executive (CAE) is determining which engagements to include on the annual audit plan. She would like to consider the organization's attitude toward risk and the degree of difficulty in achieving objectives. Which of the following resources should the CAE consult?
When determining which engagements to include on the annual audit plan, the CAE should consult the strategic plan. The strategic plan delineates the organization's key objectives and often provides insight into the organization's attitude toward risk and the challenges involved in achieving those objectives. This makes it a crucial resource for understanding the priorities and risk tolerance of the organization, thereby guiding the development of a focused and effective audit plan.
Shouldn't be A+B?
I think the same
A : it's talk about previous risks and how the org response to them, the annual audit plan should contain a present risk assessment based on org objective
The point here is regarding attitude and achieving objectives, so the best resource is a strategic plan.