Most Important Element for Report on IT Steering Committee

D.

The MOST important element to include in the report of an IS auditor who performed an agreed-upon procedures engagement for the organization's IT steering committee would depend on the engagement's scope and objectives.

An agreed-upon procedures engagement involves an IS auditor performing specific procedures agreed upon by the auditor, management, and other specified parties. The engagement does not involve an opinion or assurance on the effectiveness of controls or the financial statements. Instead, it provides factual findings based on the procedures performed.

Given this context, let's look at each of the answer options:

A. Complementary user entity controls: While it is essential to report on the effectiveness of controls in any IS audit, complementary user entity controls are controls that are implemented by users of the information system rather than management. Therefore, this would not be the MOST important element to include in the report for an agreed-upon procedures engagement for the IT steering committee.

B. Management's representation on the effectiveness of controls: This answer option would not be relevant for an agreed-upon procedures engagement because it does not involve an opinion on the effectiveness of controls or require management's representation on it.

C. Statement that the engagement followed standards: While it is essential to follow standards when performing an IS audit, including a statement that the engagement followed standards would not be the MOST important element to include in the report for an agreed-upon procedures engagement. This is because following standards is a basic requirement for any IS audit engagement and does not provide significant value to the IT steering committee.

D. An opinion on the effectiveness of controls: An agreed-upon procedures engagement does not involve an opinion on the effectiveness of controls. Therefore, this answer option would not be relevant.

In conclusion, for an agreed-upon procedures engagement, the MOST important element to include in the report would be the factual findings based on the specific procedures performed. The report should present the results of the procedures and any issues identified, along with recommendations for addressing those issues.