According to IIA guidance, which of the following best describes reliable information?
According to IIA guidance, which of the following best describes reliable information?
Reliable information is defined as the best attainable information through the use of appropriate engagement techniques. This definition aligns with the principles of internal auditing as per the International Professional Practices Framework (IPPF), focusing on the appropriateness and attainability of information used during engagements.
Standard 2310 – Identifying Information Sufficient information is factual, adequate, and convincing so that a prudent, informed person would reach the same conclusions as the auditor. Reliable information is the best attainable information through the use of appropriate engagement techniques. Relevant information supports engagement observations and recommendations and is consistent with the objectives for the engagement. Useful information helps the organization meet its goals.