Compliance assurance engagements evaluate the organization's adherence to laws, regulations, policies, or procedures. Assessing controls for consumer privacy aligns with compliance objectives, particularly under data protection regulations such as GDPR or CCPA. Option A refers to training, not assurance. Option C pertains to operational metrics, while Option D relates to financial reporting, not compliance. The IIA CIA syllabus identifies compliance engagements as critical for ensuring organizational alignment with external legal and regulatory expectations (Section III: Compliance Audits).

To prevent the situation where discrepancies identified by the auditor are corrected after being noted, it is essential to preserve the audit evidence. Taking screenshots or extracting tender documents would provide a permanent record of the discrepancies, ensuring that any subsequent changes do not invalidate the auditor's findings. This practice is crucial for maintaining the integrity of the audit evidence and supporting the audit conclusions. Option B is related but not as direct as preserving primary evidence. Options C and D do not address the preservation of evidence effectively.
The IIA's International Standards for the Professional Practice of Internal Auditing, Standard 2310 - Identifying Information.

Sampling is commonly involved in reperformance and inspection procedures. Reperformance involves the internal auditor independently executing procedures or controls to verify the results obtained by the entity.
Inspection involves examining records, documents, or tangible assets. Both of these audit procedures frequently use sampling techniques to select items for testing, which helps ensure that the auditor's conclusions are based on representative data without the need to examine every item in the population.
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The Institute of Internal Auditors (IIA) Practice Guide on "Audit Sampling" Generally Accepted Auditing Standards (GAAS) related to audit evidence and sampling

According to IIA guidance, there is no specific frequency mandated for conducting organization-wide risk assessments. Instead, the internal audit activity should perform risk assessments as necessary to reflect significant changes in the organization's business environment, risk profile, and operations. This flexibility allows the internal audit activity to remain responsive and relevant in a dynamic risk landscape.
IIA References:
* IIA Standard 2010: Planning requires the CAE to establish risk-based plans to determine the priorities of the internal audit activity, consistent with the organization's goals. The frequency and timing of risk assessments should be adapted to the organization's changing conditions.
* The IIA Practice Guide on Risk Assessment in Audit Planning emphasizes that risk assessments should be updated as needed, particularly when there are significant changes in the organization or external environment.

Comprehensive and Detailed Explanation:
The current ratio = Current Assets ÷ Current Liabilities. To increase it, either current assets must rise or current liabilities must decrease.
* Option A has no effect because it simply shifts funds between accounts.
* Option B increases current assets (inventory) without adding current liabilities, since the loan is long- term, thus improving the ratio.
* Option C (leasing) affects long-term liabilities, not current assets.
* Option D converts receivables to cash, which keeps current assets unchanged in total.
Therefore, the only option that improves the current ratio is purchasing inventory using long-term loans (B), since it raises current assets without raising current liabilities.