Certified Internal Auditor (CIA) Part 2: Practice of Internal Auditing — Question 115

Senior management requested that the internal audit activity perform a consulting project to assist in making a decision on a new software system. Which of the following would be used to determine the engagement objectives?

Answer options

• A. An assessment of risks to the business objectives.
• B. An understanding of the engagement client's expectations.
• C. The probability of significant errors, fraud, or noncompliance.
• D. Criteria previously established by the board.

Correct answer: B

Explanation

The correct answer is B, as understanding the client's expectations is crucial to setting clear and relevant engagement objectives. Options A and C focus on risks and potential issues rather than the client's specific needs, while option D refers to established criteria that may not align with the current project's goals.