Which of the following statements is true regarding engagement planning?

Which of the following statements is true regarding engagement planning?
A . The scope of the engagement should be planned according to the internal audit activity’s budget and then aligned to the risk universe.
B . The audit engagement objectives should be based on operational managements view of risk objectives
C . The planning phase of the engagement should be completed and approved before the fieldwork of the engagement begins.
D . The main purpose of the engagement work program is to determine the nature and timing of procedures required to gather audit evidence

Answer: C

Explanation:

Proper engagement planning is essential to ensure that the internal audit engagement is conducted effectively and efficiently.

Completing and approving the planning phase before starting the fieldwork ensures that all objectives, scope, resources, and methodologies are well-defined and agreed upon.

This preparation helps in aligning the engagement with the overall audit strategy and reduces the risk of scope changes or misalignments during fieldwork