Risk assessment procedures include inquiries of management and others by the auditor. As part of these procedures, the auditor should talk to
A) internal auditors.
B) board of directors.
C) individuals involved with regulatory compliance.
D) all of the above.

Question

Quizplus · Accepted Answer

As part of risk assessment procedures, the auditor should talk to internal auditors for their insights on the risks faced by the organization, board of directors to understand how the board is overseeing risk management, and individuals involved with regulatory compliance to gain an understanding of the regulatory landscape that the organization operates in. Therefore, all of the above options (A, B, and C) are the appropriate people to talk to during risk assessment procedures.

Risk Assessment Procedures Include Inquiries of Management and Others by the Auditor