In an assurance engagement of treasury operations, an internal auditor is required to consider all of the following issues except:
In an assurance engagement of treasury operations, an internal auditor is required to consider all of the following issues except:
In an assurance engagement of treasury operations, the internal auditor focuses on areas directly related to the operations and the management of the treasury department. These include compliance with policies, risk management practices, and significant changes in operations such as increases in managed assets. The difficulties faced by external auditors in obtaining account confirmations, although potentially relevant in a different context, are not directly related to the primary issues the internal auditor needs to consider in this specific engagement.
its responsibility of the external auditor to get the details and documents from finance department and they have to inform the board about this difficulties
why D?
because it's an assurance engagement not an audit engagement
Option D is not a procedure to be deployed (or issues to consider) during the engagement.
The question said except...so all other options are worth considering except D
D means the external audit got the confirmation at the end!