微信扫一扫
实时资讯全掌握
| A certified internal auditor is the chief audit executive for a large city and is planning the engagement work schedule for the next year. The city has a number of different funds, some that are restricted in use by government grants and some that require compliance reports to the government. One of the programs for which the city has received a grant is job retraining and placement. The grant specifies certain conditions a participant in the program must meet to be eligible for the funding.Discuss the matter with the audit committee and make inquiries as to the nature of the requirements and the audit committee’s objectives for the engagement. The internal auditors must determine the applicable laws and regulations. Which of the following procedures would be the least effective in learning about the applicable laws and regulations? A. Make inquiries of the city’s chief financial officer, legal counsel, or grant administrators. B. Review prior-year working papers and inquire of officials as to changes. C. Review applicable grant agreements. D. Discuss the matter with the audit committee and make inquiries as to the nature of the requirements and the audit committee’s objectives for the engagement. |