ISACA Audit Standards Questions and Answers Updated (2024) (Verified Answers)

ISACA Audit Standards Questions and Answers Updated (2024) (Verified Answers) 1001 Audit Charter IS audit shall document the audit function appropriately in audit charter indicating purpose, responsibility authority and accountability and should be approved at an appropriate level within the enterprise 1002 Organizational Independence IS audit shall be independent area or activity being reviewed to permit objective completion of the audit and assurance engagement 1003 Professional Independence IS audit professionals shall be independent and objective in both attitude and appearance in all matters related to audit and assurance engagements 1004 Reasonable Expectation IS audit professionals shall have reasonable expectation that the engagement can be completed in accordance with IS and other relevant standards and have reasonable expectation that scope of engagement enables conclusion and that management understands its obligation and responsibility to provide appropriate relevant and timely information 1005 Due Professional Care IS audit professionals shall exercise fue professional care including observing applicable professional audit standards, n planning, performing and reporting on results of engagement 1006 Proficiency IS audit professionals collectively shall possess adequate skills and proficiency in conducting IS audit and assurance engagements and be professionally competent . 1007 Assertions IS audit professionals shall review assertions against the subject matter being assessed to determine that such assertions are capable of being audited and that the assertions are sufficient, valid and relevant. 1008 Criteria IS audit professionals shall select criteria, against which subject matter will be assed, that are objective, complete, relevant, measurable,understandable, widely recognized, authoritative and available to all readers and users of report. 1201 Engagement Planning IS audit professionals shall plan each audit to address, objectives, scope, timeline and deliverables, compliance, se of risk base approach, engagement specific issues, documentation and reporting requirements. 1202 Risk Assessment in Planning