Examice

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Question 163

An airline contracted with an external service provider to perform maintenance on all aircraft ground support equipment. Management then asked the internal audit activity (IAA) to evaluate the controls in place that would permit appropriate oversight of the service provider in maintaining required maintenance standards.

According to the International Professional Practices Framework, which of the following would be the most appropriate course of action for the IAA to undertake to establish the engagement objectives?

Develop a draft audit plan and create an appropriate scope and resource schedule.

Develop a preliminary audit program and obtain senior management's approval.

Conduct a preliminary assessment of the risks associated with the maintenance contract.

Obtain a copy of the maintenance contract and review the contract for pricing discrepancies.

Correct Answer: C

To establish the engagement objectives for the internal audit activity to evaluate the controls in place, conducting a preliminary assessment of the risks associated with the maintenance contract is the most appropriate course of action. This initial assessment will help identify key risk areas and inform the development of specific audit objectives that address those risks, thereby ensuring a well-targeted and effective audit.

Discussion

Amer105Option: C

to establish the engagement objectives needs to do a first primary assessment

WendyLin

why not A or C ?