Question: Internal auditors must develop and document a plan for each engagement, including the engagement s objective, scope, timing, and resource allocation. These procedures are vital

Internal auditors must develop and document a plan for each engagement, including the engagement s objective, scope, timing, and resource allocation. These procedures are vital to ensure the audit objectives are met accordingly.

Required: Explain three (3) factors affecting resource allocation in an engagement planning. (6 marks)

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