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An accounts payable clerk has recently transferred into the internal audit activity and has been assigned to an engagement related to accounts payable processes for which he was previously responsible.
Which of the following is the best action for the new internal auditor to take?
- A . If it is an assurance engagement, accept the assignment because direct knowledge of the existing accounts payable processes wifi provide depth and add more value.,
B. If it is a consulting engagement, decline the assignment and ask to be reassigned, because in a consulting engagement the auditor must not assess operations for areas in which they were previously responsible.
C. If it is a consulting engagement, accept the assignment because direct knowledge of the existing accounts payable processes will provide depth and add more value.
D. If it is an assurance engagement, accept the assignment because the chief audit
executive had knowledge of the internal auditor's previous role when this engagement was assigned.
Suggested Answer: C
Posted : 16/12/2022 5:29 am