Question

The internal auditor prepares working papers primarily for the benefit of?

1) The internal audit activity.
2) Senior management.
3) The external auditor.
4) The engagement client.

Answer 1

The internal auditor prepares working papers primarily for the benefit of the engagement client.

Step-by-step explanation:

The internal auditor prepares working papers primarily for the benefit of the engagement client. Working papers are documents created by the internal auditor that provide evidence of the work performed and support the conclusions and recommendations made in the audit report. These papers are important for the client as they help ensure the accuracy and reliability of the audit findings and provide a basis for any further action or improvement needed.