When determining if appropriate resources exist to achieve engagement objectives, which of the following factors should a chief audit executive consider? 1. Nature and complexity of the audit engagement. 2. Time constraints. 3. Effectiveness of the audit committee. 4. Availability of resources for the engagement.

Question

Quizplus · Accepted Answer

The chief audit executive should consider the nature and complexity of the audit engagement, time constraints, and the availability of resources for the engagement to ensure that the objectives can be achieved effectively. The effectiveness of the audit committee is not directly related to resource availability for a specific engagement.

When Determining If Appropriate Resources Exist to Achieve Engagement Objectives