If an engagement client’s operating standards are vague and thus subject to interpretation, the internal auditor must ...

Question

Accepted Answer

seek agreement with management as to the criteria to be used to measure operating performance.

Answer

interpret the standards in their strictest sense because standards are otherwise only minimum measures of acceptance.

Answer

determine best practices in this area and use them as the standard.

Answer

omit any comments on standards and the engagement client’s performance in relationship to those standards because such an analysis would be meaningless.

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If an engagement client’s operating standards are vague and thus subject to inte...

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