In the audit engagement approval process, what occurs if the engagement is approved with no remaining tasks or issues?

When an audit engagement is approved with no remaining tasks or issues, it signifies that all requirements and objectives have been successfully met. Consequently, the engagement transitions into the Closed state, marking the formal completion of the audit process. This state indicates that there are no outstanding items or further actions needed, and the engagement can be considered finalized.

In this context, moving to the Closed state is a standard procedural step in audit management systems, reflective of a successful conclusion of the engagement. This ensures proper documentation and record-keeping for future reference, allowing stakeholders to understand that all necessary activities related to the audit have been completed and reviewed.

The other options do not align with the process of closing an audit engagement. For example, entering the Follow Up state would imply further actions are needed to address outstanding issues, while returning to the Fieldwork state indicates that the preliminary phase of the audit is still ongoing. Entering the Scope state suggests that the engagement is still being defined or is in its initial planning stages, which contradicts the condition of having no remaining tasks or issues. Therefore, the process correctly concludes with the engagement moving into the Closed state.