Question

The tasks performed during an internal audit assurance engagement should

address the following questions:
I. What are the reasons for the results?
II. How can performance be improved?
III. What results are being achieved?
The chronological order in which these questions should be addressed is:

a. III, I, II.
b. I, III, II.
c. III, II, I.
d. II, III, I.

Answer 1

The chronological order for addressing questions in an internal audit assurance engagement is to first establish what results are being achieved, then understand the reasons for those results, and finally explore ways to improve performance, which corresponds to option a. III, I, II.

Step-by-step explanation:

The tasks performed during an internal audit assurance engagement should address a series of questions that help in evaluating the effectiveness and efficiency of the business operations.

The correct chronological order of these questions should allow auditors to understand current performance, reasons for that performance, and how to improve moving forward. Therefore, the order is:

1. What results are being achieved? (Understanding current performance)
2. What are the reasons for the results? (Identifying the underlying factors)
3. How can performance be improved? (Looking for improvement opportunities)

The answer to the student's question is a. III, I, II, which corresponds to the chronology of first identifying the current results, then understanding the reasons behind those results, and finally suggesting ways to improve.