According to IIA guidance, which of the following statements is true regarding engagement planning?

According to IIA guidance, which of the following statements is true regarding engagement planning?
A . For both assurance and consulting engagements, planning typically occurs after the engagement objectives and scope have already been determined.
B . The expectations and objectives of an assurance engagement are usually determined by. or in conjunction with, the engagement client
C . Internal auditors may not need to complete a preliminary risk assessment for a consulting engagement as they would when planning an assurance engagement.
D . For both consulting and assurance engagements, internal auditors usually form the engagement objectives prior to completing the preliminary risk assessment

Answer: B

Explanation:

The expectations and objectives of an assurance engagement are often determined in conjunction with the engagement client, aligning with the client’s needs and the scope of the engagement. In consulting engagements, internal auditors provide advice and services tailored to the client’s requests, which may not always follow a preliminary risk assessment process like in assurance engagements.

Reference: The IIA’s International Standards for the Professional Practice of Internal Auditing (Standards) provide detailed guidance on this aspect of engagement planning, particularly in Standards 2200 and 2201.