Question

[24/02, 4:55 PM] Shyam: I will definitely down vote, if essay is inappropriate(Already lost some questions with wrong answer)
[24/02, 5:46 PM] Shyam: I will definitely down vote, if essay is inappropriate(Already lost some questions with wrong answer)
19) What kind of strategy does internal audit follow ? (Pick one from below and do not select multiple answers)
a) Offensive
b) Defective
c) Both
d) None of the above

Answer 1

Answer : option d) none of the above

For details understanding of internal audit strategy please see in attached note So we can say that internal audit strategy never been offensive and Defective, as per internal audit procedures.

Strategy_does internal audit follow — An audit strategy set the direction, Hringar and scope of an audit. The audit strategy is based on the following considerations; • The characteristics of the engagement • Reporting objectives • Timing of the audit o Nature of communications • Significant factors in directing engagement team efforts o The results of_preliminary engagement activities • The Knowledge gained on tker engagements • The nature, timing, and extent of resources · available for the engagement les The audit strategy could be relatively shoot for the audit of a smaller entity, perhaps in the form of a brief memo. If there are o unexpected changes in conditions or the outcome Lof audit procedures, it may be necessary to I alter the audit strategy. If there is an lalteration should be stated in the accompanying I documentation. U