Which of the following would most likely be classified as a consulting engagement?

The internal audit manager has been delegated the task of preparing the annual internal audit plan for the forthcoming fiscal year All engagements should be appropriately categorized and presented to the chief audit executive for review.

Which of the following would most likely be classified as a consulting engagement?
A . Evaluating procurement department process effectiveness
B. Helping in the design of the risk management program
C. Assessing financial reporting control adequacy
D. Reviewing environmental, social, and governance reporting compliance

View Answer

Answer: B