According to IIA guidance, which of the following is true regarding audit supervision?
1. Supervision should be performed throughout the planning, examination, evaluation, communication, and follow-up stages of the audit engagement.
2. Supervision should extend to training, time reporting, and expense control, as well as administrative matters.
3. Supervision should include review of engagement workpapers, with documented evidence of the review.
According to IIA guidance on audit supervision, all three points mentioned are correct. Supervision should indeed be performed throughout the various stages of an audit engagement, including planning, examination, evaluation, communication, and follow-up. It should also extend to administrative aspects such as training, time reporting, and expense control. Additionally, supervision includes the review of engagement workpapers, with documented evidence of the review. Therefore, the correct answer is that all three points are true.
Supervision should extend to training, time reporting, and expense control, as well as administrative matters. - HOW THIS IS APPLICABLE FOR AUDIT ENGAGEMENT. Question does not address if this for audit engagement our supervising the audit team
The question is about Audit Supervision in general, not Engagement Supervision only.