Which of the following is the PRIMARY reason for an IS auditor to issue an interim audit report?
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A. B. C. D.C.
An interim audit report is issued by an IS auditor to provide preliminary results of an audit engagement before the completion of the audit process. The report is issued to inform the auditee of any preliminary findings, observations, or recommendations. The primary reason for issuing an interim audit report is to enable the auditor to complete the engagement in a timely manner.
Therefore, option B, "To enable the auditor to complete the engagement in a timely manner," is the correct answer.
Interim audit reports are typically issued when the audit process is complex or lengthy, and it may take some time to complete. In such cases, an interim audit report allows the auditor to provide feedback to the auditee on a preliminary basis, without having to wait for the completion of the entire audit process. This can be helpful to the auditee, as it provides an opportunity to start addressing any identified issues or concerns early on in the process.
Option A, "To avoid issuing a final audit report," is not a primary reason for issuing an interim audit report. If an auditor determines that there are sufficient reasons to issue a final audit report, they should do so, regardless of whether or not an interim report has been issued.
Option C, "To provide feedback to the auditee for timely remediation," is a secondary reason for issuing an interim audit report, as it allows the auditee to start taking corrective action early on in the audit process.
Option D, "To provide follow-up opportunity during the audit," is not a primary reason for issuing an interim audit report. Follow-up activities can be conducted during the audit process, whether or not an interim report has been issued.