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Question 257

Which of the following is the most important concept to be included in a consulting engagement agreement?

Define the duties and responsibilities needed from management to perform the engagement.

Disclose the fact that auditors who perform the work may not be subject matter experts in the topic of the review.

Clarify that matters discovered during the engagement may also be reported to senior management and the audit committee.

Disclose the fact that follow-up reviews may be conducted to ensure that recommendations are implemented adequately.

Correct Answer: A

Defining the duties and responsibilities needed from management to perform the engagement is the most important concept to be included in a consulting engagement agreement. It establishes clear expectations, ensures that the necessary support and resources are provided by management, and facilitates the effective execution of the engagement. Without clear definitions and expectations, the engagement may face significant challenges and misunderstandings.

Discussion

mciaOption: A

answer should be A.

wiseminosse

I Agree

CIAceOption: A

Is it because A is- agreement on what is needed from "management" instead of internal auditors?

8aaab27Option: A

A if management=client

Amer105Option: C

Scope of the consulting engagement should be identified first by the management or the requester, then disclose that uncover observation during the audit will be reported to AC and senior management,

7TQMway

Consulting can not be performed that mask information, CAE canpresented to senior manager or the bd