should, As used in the Considerations for Implementation of the Global Internal Audit Standards, the word “should” describes practices that are preferred but not required, may, As used in the Considerations for Implementation of the Global Internal Audit Standards, the word “may” describes optional practices to implement the Requirements., engagement planning, Process during which internal auditors gather information, assess and prioritize risks relevant to the activity under review, establish engagement objectives and scope, identify evaluation criteria, and create a work program for an engagement.

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