AUI3702 Assignment 3 (100% CORRECT GUIDE) Semester 1 2025 (183436) - DUE 10 May 2025.

AUI3702
ASSIGNMENT 3 SEMESTER 1 2025

UNIQUE NO: 183436
DUE DATE: 10 MAY 2025

, AUI3702

Assignment 3 Semester 1 2025



Unique Number: 183436

Due Date: 10 May 2025

The Internal Audit Process: Test of Controls

Question 1
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Which internal audit planning tool is general in nature and is used to ensure adequate
engagement coverage over time?




a.

The engagement work programme.




b.

The internal audit activity’s charter.




c.

The internal audit plan.

, d.

The internal audit activity’s budget.

Clear my choice

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Required: Select from the Drop Down List the correct answer to complete the sentence



The components of audit risk are control risk
inherent risk, detection risk and
..........

Collusion and human error are limitations inherent in internal control
..........

Risk which requires special audit significant risk
consideration is referred to as ..........

If the auditor considers that control low if audit risk is to be kept to an acceptable level
risk and inherent risk are high,
detection risk must be ..........

.......... is a detailed, step-by-step internal audit procedure
guide that outlines the activities and
tasks that an internal auditor must
perform during an audit engagement.