Gathering sufficient appropriate evidence for the internal audit engagement requires extensive interaction and communication with auditee...

Gathering sufficient appropriate evidence for the internal audit engagement requires extensive interaction and communication with auditee personnel throughout the engagement.

( ) Agree

( ) Disagree, give reason:

Expert Solution

Answer:

Gathering sufficient appropriate evidence for the internal audit engagement requires extensive interaction and communication with auditee personnel throughout the engagement as this helps the auditor to conduct the audit in an efficient & effective manner.

The internal auditors should be open-minded, collaborative & having the proper communication skill so that they can obtain sufficient & appropriate evidence related to the internal audit engagement.

As an internal auditor requires to test whether control implemented by the management is perfectly working or not, for this purpose needs to communicate with the auditee personnel.

Also, the internal auditor needs to ensure whether management follows the applicable reporting framework & other regulatory requirement & for this purpose they need to gather sufficient & appropriate audit evidence which requires extensive interaction & communication with auditee personal.

Accordingly, the given statement is correct & agreed with the same.

ekkarill92 answered 2 years ago

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