Chapter 3 Performance Standards

Question 1

Standard 2100

Answer 1

• Nature of Work

The Internal Audit Activity must elevate and contribute to the improvement of Governance (2110), risk management (2120) and control processes (2130) by using a systematic and structured approach

Question 2

Standard 2200

Answer 2

• Engagement planning

Internal auditors must draw up documentation for each engagement and must include the objectives, scope, timing and resource allocation

Question 3

Standard 2300

Answer 3

• Performing engagement

Internal auditors must identify, analize, evaluate and document sufficient information to achieve the objectives of the engagement