Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing — Question 169

The most important reason to use risk assessment in audit planning is to:

Answer options

• A. Identify redundant controls.
• B. Improve budgeting accuracy.
• C. Enhance assurance provided to management.
• D. Assist in developing audit programs.

Correct answer: C

Explanation

The correct answer, C, is right because risk assessment helps auditors provide greater assurance to management by identifying areas of potential risk. Options A, B, and D, while they may be benefits of a well-planned audit, do not capture the primary purpose of using risk assessment in the audit planning process.