IIA-CIA-PART2 practice question 2 of 35

How do internal auditors generally determine the priority of the areas within the engagement scope?

Answer options

A: By calculating the period of time when the area was last audited try internal auditors

B: By totaling the monetary value of the processes within the organization in the scope of the engagement

C: By counting the number of red flags indicating the potential fraudulent activities within the area.

D: By estimating the likelihood of a risks occurring and the potential impact of that risk on the organization Correct answer

Correct Answer:

D. By estimating the likelihood of a risks occurring and the potential impact of that risk on the organization

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