According to the Standards, which of the following should be the basis for scheduling follow-up of engagement recommendations?
According to the Standards, which of the following should be the basis for scheduling follow-up of engagement recommendations?
The basis for scheduling follow-up of engagement recommendations according to the standards should be the risks and exposures involved. This ensures that follow-up activities prioritize areas with the highest potential impact on the organization, leading to more effective risk management and resource allocation.
Why not B - Internal Audit charter?
the question asked for factors (basis) in determining f/up. Significance of the reported observation or recommendation. • Degree of effort and cost needed to correct the reported condition. • Impact that may result should the corrective action fail. • Complexity of the corrective action. • Time period involved.