IIA-IAP practice question 7 of 35
A senior internal auditor is planning a compliance audit of the organization's global purchasing department. Which of the following criteria is a relevant consideration for establishing the engagement objectives?
Full set: 100 questionsComprehensive and Detailed Step-by-Step Explanation: Compliance Audit Criteria: The objective of a compliance audit is to assess adherence to applicable laws, regulations, and internal policies. Considering current governance laws and regulations ensures the audit is aligned with mandatory requirements.
Reference: IIA Standard 2210: Engagement Objectives mandates that objectives must be sufficient to address the risks associated with compliance. Other Options:
Option A: A list of items acquired might provide context but is not directly relevant for establishing compliance objectives.
Option C: Location data is useful for audit planning but does not define compliance criteria. Thus, the correct answer is B.
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