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Two internal auditors left the organization and cannot be replaced due to budget constraints

<p style="text-align:left;">Which of the following is the least desirable option for completing future audit engagements ?</p> <p style="text-align:left;"><span>Use self-assessment questionnaires to address audit objectives</span><span>.</span></p> <p style="text-align:left;"><span><span>  </span></span><span>Employ IT solutions for audit planning, sampling, and documentation</span><span>.</span></p> <p style="text-align:left;"><span><span>  </span></span><span>Eliminate consulting engagements from the audit plan</span><span>.</span></p> <p style="text-align:left;"><span><span>  </span></span><span>Fill vacancies with personnel from operating departments that are not being audited</span><span>.</span></p>

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Question added by Deleted user
Date Posted: 2014/10/01
georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

  Fill vacancies with personnel from operating departments that are not being audited.

 

Deleted user
by Deleted user

Eliminate consulting engagements from the audit plan  -  is the answer

because .

The audit schedule should only be reduced as a last resort once all other viable alternatives have been explored, including the request for additional resources

mohammed mohammed danial mahdy
by mohammed mohammed danial mahdy , رئيس حسابات , شركة عايد دحيم الحمود للتجارة والمقاولات - (شركة مساهمه مقفله)

I agree with Professor Mr. Georgei

 

Fahad Mahesar
by Fahad Mahesar , ACCA Finance & Accounts Trainee , Siemens Pakistan Engineering Company Limited

I partially agree with georgei assi but even the operating departments that are not being audited might have built informal relationship with departments being audited and this action might impair the independence and objectivity of the auditor.

However the option of employing IT solution to automate the audit activities might a play a trick here but again this might not be possible because of financial constraints of the entity. However the both options are not suitable more than the georgei assi suggested.

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