The scheduling of audit follow-ups should be based PRIMARILY on:
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A. B. C. D.C.
The scheduling of audit follow-ups should be primarily based on the risk and exposure involved, which means that the auditor should prioritize addressing the areas that have the greatest potential impact on the organization.
Here are some more details on each of the answer options:
A. Costs and audit efforts involved: While cost and effort may be factors to consider, they should not be the primary basis for scheduling audit follow-ups. The importance of an area and the potential impact on the organization should take precedence over costs and effort.
B. Auditee and auditor time commitments: Again, while time commitments may be a factor to consider, they should not be the primary basis for scheduling audit follow-ups. The priority should be to address areas that pose the greatest risk and exposure to the organization, even if that means adjusting time commitments.
C. The risk and exposure involved: This is the correct answer. The scheduling of audit follow-ups should be based primarily on the risk and exposure involved. The auditor should prioritize addressing areas that have the greatest potential impact on the organization, even if that means allocating more resources or adjusting timelines.
D. Control and detection processes: Control and detection processes are important considerations in the audit process, but they should not be the primary basis for scheduling audit follow-ups. The focus should be on addressing areas that have the greatest potential impact on the organization, regardless of whether they involve control and detection processes.