Economics · Auditing and Ethics
Which of the following actions by an external audit firm would result in assuming a management responsibility in relation to providing internal audit services to a client? 1. Taking responsibility for designing and maintaining internal control systems. 2. Determining whether the work of the internal audit function can be used to obtain audit evidence. 3. Setting the scope of the internal audit work to be carried out.
- 11, 2 and 3
- 21 and 3 only✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1 and 3 only
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