Why is it important for an internal audit function to assess the relevant risks before agreeing to

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Why is it important for an internal audit function to assess the relevant risks before agreeing to conduct a consulting engagement? Consider risks to both the organization and the internal audit function in your answer.

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Internal Auditing Assurance & Advisory Services

ISBN: 9780894139871

4th Edition

Authors: Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Cris Riddle, Mark Salamasick, Paul J. Sobel

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Question Posted: Aug 16, 2023 02:47 AM

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Why is it important for an internal audit function to assess the relevant risks before agreeing to

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Assessing relevant risks before agreeing to conduct a consulting engagement is crucial for the internal audit function due to its significant impact on both the organization and the internal audit fun...View the full answer

Internal Auditing Assurance & Advisory Services

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